Select base metals decline on lower demand

MUMBAI: Copper, brass and select aluminium price declined at the non-ferrous metal market here today on stockist selling amidst lower demand from industrial users.

Meanwhile, Nickel climbed on renewed demand from alloy industries.

The industrial metals rebounded at the LME after comments by the US Federal Reserve chief over maintaining the easy monetary policy by the Central bank.

Copper scrap heavy, brass utensils scrap and aluminium utensils dropped by Rs 3 per kg each to Rs 481, Rs 466 and Rs 114 from Monday's closing level of Rs 484, Rs 469 and Rs 117.

Copper armature, copper utensils scrap, brass utensils scrap and brass sheet cutting edged down by Rs 2 per kg each to Rs 470, Rs 446, Rs 322 and Rs 332 from Rs 472, Rs 448, Rs 324 and Rs 334 respectively.

Copper cable scrap and copper wire bar also softened by a rupee per kg each to Rs 492 and Rs 520 from Rs 493.

However, Nickel rose by Rs 5 per kg to Rs 1,105 from Rs 1,110.