(From Trade Representative)
MUMBAI: Declining headlines in copper, zinc and brass utensils scrap led stockists to pick up prices at Rs 1.10 per kg amid the absence of global market reports today after a dismal global report yesterday left the domestic bulk metal market with big gaps as China’s economic data pointed to weak economic data. A bounceback of 7 to 14 was observed. However, today, tin and nickel continued to bear aggressive selling pressure from stockists, with the price trading at Rs. 25 and dull lead ingots cost Rs. There was a decrease of one. In other metals, the trend remained unchanged. Thus, overall, a mixed trend was observed over the weekend.
According to sources, there was an upward trend in prices today, especially in copper, brass sheet cuttings and zinc slabs, supported by stockists’ offtake due to reduced headings, besides offtake by industrial users and local dealers. 14 increased to Rs. 625, copper armature price per kg Rs. 12 increased to Rs. 603, copper cable scrap and brass sheet cuttings price per kg Rs. 10 respectively to Rs. 610 and Rs. 460, the price of copper scrap heavy per kg is Rs. 9 increased to Rs. 604, Copper Utensils Scrap and Zinc Slab price per kg Rs. 7 respectively to Rs. 552 and Rs. He was at the head of 277.
However, for the second session in a row today, besides stockists’ sell-off in tin and nickel, prices remained at Rs. 25 respectively to Rs. 2300 and Rs. At the beginning of 1900s, when Niras Maghe lead ingots were priced at Rs. 1 down to Rs. It was at the level of 180. Apart from this, the prices of Brass Sheet Cuttings, Aluminum Utensils Scrap and Aluminum Ingots were supported by sufficient demand at Rs. 435, Rs. 159 and Rs. Tucked at the head of 212
were staying
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