PTI: Select base metals moves up on industrial support
Mumbai, Sept 20 (PTI) Zinc, select copper and brass prices moved in an otherwise lacklustre non-ferrous metal market here today on mild stockists buying amidst industrial support despite bearish trend at the London Metal Exchange (LME). Meanwhile, brass utensils scrap softened on reduced demand from consumer industries. The industrial metals turned bearish at the LME on concerns over global economic slowdown on the back of expections of positive outcome from US Fed meet today and tommorrow. Copper cable scrap, copper utensils scrap and zinc edged up by Rs 2 per kilo to Rs 460, Rs 415 and Rs 124 respectively. Copper armiture and brass sheet cutting both inched up by a rupee per kilo each to Rs 442 and Rs 313. However, brass utensils scrap looked down by a rupee per kilo to Rs 300.
