PTI reported that most of the base metals dropped further at the nonferrous metal market here today due to sustained stockists selling as well as subdued industrial offtake impacted by bearish overseas trend.
On the other hand, copper utensils scrap and zinc gained on improved demand from consumers industries.
The industrial metals remained weak and traded direction less at the London Metal Exchange on growing concerns about monetary tightening in China and renewed worries over Greece's debt amid strengthening dollar valuations.
Tin fell sharply by INR 15 to INR 1,515 per kilo from its overnight closing level of INR 1,530 and copper sheets cutting dipped by INR 6 per kilo to INR 432 as compared to INR 438 previously.
Nickel declined by INR 5 to INR 1,260 per kilo, brass utensils scrap by INR 4 to INR 304 per kilo and brass sheets cutting moved down by INR 3 to INR 312 per kilo.
Copper scrap heavy, copper armiture and aluminum utensils scrap all edged down by INR 2 per kilo each to INR 449, INR 440 and INR 107 respectively. Lead also softened by a rupee per kilo to INR 124. However, copper utensils scrap rose by INR 6 per kilo to INR 421 and zinc inched up by a rupee per kilo to INR 124.
