Business Standard
Brass, aluminium fall on subdued demand
Edited by : AL CIRCLE
1 min read
Brass and select aluminium prices fell in an other wise a more or less mixed non-ferrous metal market here today stockists selling on the back of subdued demand from industrial users.
Elsewere, Tin, lead, zinc and copper utensils rose owing good offtake from alloy and consumer industries.
The industrial metal moved up at the LME amid improved China's economic data, though continued concerns about the US 'fiscal cliff' were looming over the gains.
Brass utensils dropped by INR 6 per kg to INR 321 from previous closing level of INR 327.
Brass sheet cutting and aluminium utensils scrap fell by INR 4 per kg each to INR 331 and INR 114 as against INR 335 and INR 118.
Copper scrap heavy eased by INR 2 per kg to INR 483 from INR 485.
Copper cable scrap, copper wire bar and copper sheet cutting all softened by a rupee per kg each to INR 492, INR 520 and INR 466, respectively.
However, tin spurted by INR 5 per kg to INR 1,420 from last Saturday's closing level of INR 1,415 and copper utensils scrap moved up by INR 2 per kg to INR 446 from INR 444.
Elsewere, Tin, lead, zinc and copper utensils rose owing good offtake from alloy and consumer industries.
The industrial metal moved up at the LME amid improved China's economic data, though continued concerns about the US 'fiscal cliff' were looming over the gains.
Brass utensils dropped by INR 6 per kg to INR 321 from previous closing level of INR 327.
Brass sheet cutting and aluminium utensils scrap fell by INR 4 per kg each to INR 331 and INR 114 as against INR 335 and INR 118.
Copper scrap heavy eased by INR 2 per kg to INR 483 from INR 485.
Copper cable scrap, copper wire bar and copper sheet cutting all softened by a rupee per kg each to INR 492, INR 520 and INR 466, respectively.
However, tin spurted by INR 5 per kg to INR 1,420 from last Saturday's closing level of INR 1,415 and copper utensils scrap moved up by INR 2 per kg to INR 446 from INR 444.
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