Mixed trend in metals

Mumbai, January 06: A mixed trend was seen in metals today, traders at the Bombay Metal Exchange (BME) said. In ferrous metals, copper utensils and brass utensils slashed by Rs 500 and Rs 300 per quintal respectively due to sustained selling pressure from stockists.

Brass cuttings too became cheaper by Rs 100 per quintal on lower buying support from stockists, traders said. In non-ferrous metals, copper wire bars went down by Rs 500 per quintal on persistent offloading by stock holders.

However, zinc slab and lead ingot advanced by Rs 100 per quintal each on better buying support from stockists.

Tin slab and nickel cathode also rose by Rs five per kg each on improved demand from local dealers, traders added.

Following were the spot metal prices per quintal in Rupees. Ferrous metals: Copper heavy: Rs 44,100, Copper utensils: Rs 41,000, Brass utensils: Rs 29,700, Brass cuttings Rs 30,900, Aluminium utensils Rs 10,500.

Non-ferrous metals: Copper wire bars: Rs 47,700, Aluminium ingot: Rs 12,900, Zinc slab: Rs 13,400, Lead ingot: Rs 11,600, Tin slab: Rs 1,420 (per kg) and Nickel cathode: Rs 1,220 (per kg).

————UNI