BS:Select base metals remain sluggish on global cues
Select base metals traded lower at the non-ferrous metal market here today on further stockists selling amidst poor demand from industrial users on the back of bearish London Metal Exchange (LME) advices.
Meanwhile, copper utensils scrap and copper sheet cutting looked up following better offtake from consumer industries.
The industrial metals traded down at the LME on cautiousness ahead of GDP figures from China amidst dismay speculation over US federal reserve further stimulus measures.
Nickel and tin dipped by Rs 5 per kg to Rs 1,080 and Rs 1,285 from overnight close of Rs 1,085 and Rs 1,290.
Aluminium utensils scrap eased by Rs 2 per kg to Rs 112 from Rs 114 yesterday.
Copper cable scrap, copper wire bar, brass utensils scrap, brass sheet cutting and lead all softened by a rupee per kg each to Rs 482, Rs 510, Rs 316, Rs 325 and Rs 120, respectively.
However, copper utensils scrap and copper sheet cutting inched up by a rupee per kg to Rs 443 and Rs 463.
