Most of the base metals prices spurted at the non-ferrous metal market here today due to sustained stockist buying amidst higher industrial offtake on the back of bullish London Metal Exchange (LME) cues.
The industrial metals were trading at 4-1/2 month high at the LME after the US Federal Reserve launched a new round of aggressive stimulus that investors hoped would help bolster demand for metals.
Tin shot up by Rs 15 per kg to Rs 1,290 from overnight closing level of Rs 1,275.
Copper cable scrap and copper wire bar surged by Rs 6 per kg each to Rs 497 and Rs 525 as against Rs 491 and Rs 519 previously.
Nickel climbed by Rs 5 per kg to Rs 1,080 from Rs 1,075.
Copper scrap heavy, copper armature and copper utensils scrap rose by Rs 4 per kg each to Rs 488, Rs 479 and Rs 451 from Rs 484, Rs 475 and Rs 447.
Brass sheet cutting moved up by Rs 3 per kg to Rs 335 from Rs 332.
Copper sheet cutting, brass utensils scrap and lead also edged up Rs 2 per kg to Rs 473, Rs 327 and Rs 127, respectively.
