Metal rises further on higher advice

Saturday, March 17, 2007, 11:43 [IST]

Mumbai, Feb 23 (UNI) Metals rose further today on higher advice and London Metal exchange moved upward today, traders at the Bombay Metal Exchange said.

In the ferrous category, copper heavy and copper utencil hiked by Rs 900 and Rs 1500 per quintal on better buying support. Brass utencils and brass cutting also shot up by Rs 300 and Rs 500 per quintal, respectively, due to reduced stock supply.

In the non-ferrous category copper wire bar and zinc slab increased by Rs 1000 and Rs 200 per quintal on good demand.

Following are the spot metal prices per quintal: Ferrous metals: Copper heavy - Rs 31,400, copper utensils - Rs 29,500, brass utensils - Rs 23,300, brass cuttings - Rs 25,000 and aluminium utensils - Rs 11,900.

Non-ferrous metals: Copper wire bars - Rs 34,500, aluminium ingots - Rs 14,400, zinc slab Rs 18,200, lead ingots - Rs 8,100, tin slab - Rs 680 (per kg) and nickel cathode - Rs 1,980 (per kg).

UNI

Topics: MARKET-METALS-INTRO

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