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Copper and brass sheet up as demand up

Metal News - Published on Thu, 28 Dec 2017

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Out Look India reported that copper armature, copper utensils, copper sheet cuttings and brass sheet cuttings gained further at the non-ferrous metal market here today on stockists' buying amidst good demand from industrial users.

While copper cable scrap, copper billets and nickel eased following subdued demand from alloy industries.

Copper utensils rose by INR 5 per kg to INR 410 from last Saturday's close at INR 405 and copper sheet cuttings moved up by INR 3 per kg to INR 426 from INR 423 previously.

Brass sheet cuttings edged up by INR 2 per kg to INR 340 as compared to last weekend's close at INR 338 and copper armature inched up to INR 429 per kg.

However, nickel prices slid by INR 5 per kg to INr 800 from its previous close at INR 805.

Copper cable scrap and copper billets softened by a Re per kg each to INR 452 and INR 480, respectively.

Source :

Posted By : Rabi Wangkhem on Thu, 28 Dec 2017
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