Brass and select copper prices gained in an otherwise lacklustre non-ferrous metal market here today due to sustained stockist buying and better industrial offtake on the back of higher London Metal Exchange (LME) cues.
The industrial metal edged higher at the LME, on hopes that the US Federal Reserve might announce another round of quantitative easing this week.
Copper sheet cutting climbed by Rs 4 per kg to Rs 475 from overnight closing level of Rs 471.
Brass utensils scrap and brass sheet cutting moved up by Rs 2 per kg each to Rs 325 and Rs 333 from Rs 323 and Rs 331 and Copper utensils scrap inched up by a rupee per kg to Rs 448.
However, copper cable scrap, copper scrap heavy and copper wire all softened by Re 1 per kg each to Rs 489, Rs 483 and Rs 517, respectively.
