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SELECT BASE METALS DECLINE

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MUMBAI : MUMBAI: Select base metals declined at the non- ferrous metal market here on Monday due to subdued stockist demand amid lower industrial offtake despite firm LME advices.

Meanwhile, copper cable scrap, copper wire bar and brass pr

ices moved up slightly on better support from consumer industries.

The industrial metals rose at LME on strong Chinese demand for the metals encouraged the market sentiment. Nickel prices dropped by Rs 10 per kilo to Rs 1,220 and copper utensils scrap edged down by Rs 2 per kilo to Rs 424. Copper armuiture, copper sheet cutting and zinc all softened by a rupee per kilo each to Rs 450, Rs 445 and Rs 124, respectively.