Metal prices fall due to lack of fresh demand

Saturday, March 17, 2007, 10:57 [IST]

Mumbai, Mar 3 (UNI) Metal prices fell due to lack of fresh demand, traders at the Bombay Metal Exchange said today.

In the Ferrous category, Copper utencil, Brass cutting and Copper heavy dropped by Rs 800, Rs 600 and Rs 500 per quintal respectively on sustained heavy selling pressure.

In the Non-ferrous category, Lead ingot, Copper wire bar and Aluminium ingot slashed by Rs 1,000, Rs 500 and Rs 100 per quintal respectively, due to sluggish demand.

Nickel cathode also eased by Rs 30 on poor demand.

Following are the spot metal prices per quintal: Ferrous metals: Copper heavy - Rs 30,900, Copper utensils - Rs 28,700, Brass utensils - Rs 23,500, Brass cuttings - Rs 24,500 and Aluminium utensils - Rs 11,900.

Non-ferrous metals: Copper wire bars - Rs 34,000, Aluminium ingots - Rs 14,400, Zinc slab Rs 19,000, Lead ingots - Rs 8,200, Tin slab - Rs 682 (per kg) and Nickel cathode - Rs 2,050 (per kg).

UNI

Topics: MARKETS-METALS-INTRO

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