PTI reported that select base metals traded lower at the nonferrous metal market here on further stockists selling amidst poor demand from industrial users on the back of bearish London Metal Exchange 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 INR 5 per kilogram to INR 1,080 and INR 1,285 from overnight close of INR 1,085 and INR 1,290. Aluminium utensils scrap eased by INR 2 per kilogram to INR 112 from INR 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 INR 482, INR 510, INR 316, INR 325 and INR 120, respectively. However, copper utensils scrap and copper sheet cutting inched up by a rupee per kilogram to INR 443 and INR 463.

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