Select copper, brass eases on lower offtake, global cues
Industrial metals dropped at LME on cautiousness following concerns over economic slowdown in China and no signs of further monetary stimulus in US economy.
By PTI | Updated:
MUMBAI: In a limited activity, select copper and brass prices eased at the non-ferrous metal market here today owing to subdued industrial offtake amidst bearish London Metal Exchange ( LME) advices.
Meanwhile, copper utensils scrap gained on modest buying support from consumer industries.
Industrial metals dropped at LME on cautiousness following concerns over economic slowdown in China and no signs of further monetary stimulus in US economy.
Copper scrap heavy moved down by Rs 2 per kg to Rs 471 from Thursday's closing level of Rs 473.
Copper armiture, copper sheet cutting and brass sheet cutting looked down by a rupee per kg to Rs 464, Rs 460 and Rs 323, respectively.
However, copper utensils scrap edged up by Rs 2 per kg to Rs 443 from Rs 441.
Meanwhile, copper utensils scrap gained on modest buying support from consumer industries.
Industrial metals dropped at LME on cautiousness following concerns over economic slowdown in China and no signs of further monetary stimulus in US economy.
Copper scrap heavy moved down by Rs 2 per kg to Rs 471 from Thursday's closing level of Rs 473.
Copper armiture, copper sheet cutting and brass sheet cutting looked down by a rupee per kg to Rs 464, Rs 460 and Rs 323, respectively.
However, copper utensils scrap edged up by Rs 2 per kg to Rs 443 from Rs 441.
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