BS:Select base metals edge up on stray demand, global cues
Select copper and zinc edged up at the non-ferrous metal market here today on good stockist buying amid stray industrial demand on the back of by bullish London Metal Exchange (LME) cues.
Meanwhile, tin and lead fell owing subdued demand from alloy industries.
The Industrial metals climbed at the LME on strong US housing data, though caution over the Federal Reserve policy meeting capped gains.
Copper sheet cutting moved up by Rs 2 per kg to Rs 470 from overnight close of Rs 468.
Copper cable scrap, copper scrap heavy, copper utensils scrap, copper wire bar and zinc all inched up by Re 1 per kg to Rs 494, Rs 484, Rs 450, Rs 522 and Rs 147, respectively.
However, tin dropped by Rs 5 per kg to Rs 1,455 from previous closing level of Rs 1,460 and Rs lead softened by Re 1 per kg to Rs 127 from Rs 128.
