Main metals remained steady because of moderate demand

Tag : tin ingots
 In ferrous metal category, brass utensilstoday recovered by Rs 100 per quintal on renewed buying support bystockists, but brass cuttings further declined by Rs 200 perquintal, on lack of demand by industrial users, traders at theBombay Metal Exchange said.

After yesterday's fall, brass utensils recovered by Rs 100 today toclose at Rs 25,100, on renewed buying support by stockists.

However, a downward trend was seen in brass cuttings for the secondconsecutive day today, as it slashed by Rs 200 and finished at Rs26,500 per quintal. Within two days it slipped by Rs 400.

Meanwhile, copper heavy, copper utensils and aluminium utensilsremained flat, on scattered buying by stockists, traders said.

In non-ferrous metals category, except tin slab and nickel cathode,all metals remained unchanged today.

Tin slab and nickel cathode fell by Rs 10 per kg each and finishedat Rs 1,150 and Rs 1,050 per kg, as traders were keen to sell theirstocks.

Other main metals like copper wire bars, aluminium ingot and zincslab, which had heavily declined yesterday, remained steady todaybecause of moderate demand by industrial users, traders added.

Following are the spot metal prices per quintal: Ferrous metals:copper heavy - Rs 37,700, copper utensils - Rs 35,100, brassutensils - Rs 25,100, brass cuttings - Rs 26,500 and aluminiumutensils - Rs 11,300.

Non-ferrous metals: copper wire bars - Rs 41,000, aluminium ingots-Rs 14,500, zinc slab - Rs 10,700, lead ingots - Rs 11,000, tin slab- Rs 1,150 per kg and nickel cathode - Rs 1,050 per kg.