Improvements in tin, nickel and copper scrap heavy, mixed trends in other metals

by Ana Lopez

MUMBAI: Global metal consumer China’s strong factory activity data for the month of February last year indicated a bullish trend in prices of certain metals including copper at the London Metal Exchange yesterday, while the domestic wholesale metal market was closed today at the weekend, apart from stockists in nickel, tin and copper scrap heavy, apart from industrialists. According to the demand of the users, the prices were increased by Rs. 30 Rs. Five and Rs. There was a slow recovery of one, while copper cable scrap, copper utensils scrap, copper wirebars, brass utensils scrap and lead ingots were under selling pressure by stockists to settle at Rs. There was a decrease of 1 to 5. Apart from this, there was a sustained trend in other metals.
According to a report received yesterday at the London Metal Exchange, China’s economic data was encouraging, with three-month delivery copper prices rising 0.7 percent from the previous close to hovering around $9,020 per tonne. 1 to Rs. 747 remained at the head.
Apart from this, the prices of other metals in which apart from stockists’ selling, demand from industrial users and local dealers remained subdued, prices of copper utensils scrap and brass utensils scrap were Rs. Five decreased to Rs. 670 and Rs. 485, copper wire bar price per kg Rs. 4 down to Rs. 796, the price of lead ingots per kg is Rs. 3 down to Rs. 195 and price of copper cable scrap Rs. A drop to Rs. Lived at the head of 753.
However, today the prices of nickel and tin are Rs. per kg respectively due to demand from stockists and consumer industry and local dealers. 30 to Rs. 2163 and Rs. Five increased to Rs. 2180 at the top, while the price per kg was supported by scattered demand in copper scrap heavy. With an amendment of Rs. 747 remained at the head. Apart from this, all the other metals had a steady trend in prices supported by sufficient demand.

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