Financial Daily from THE HINDU group of publications
Thursday, Feb 16, 2006
Financial Daily from THE HINDU group of publications Thursday, Feb 16, 2006 |
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Agri-Biz & Commodities
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Metals Marginal hike in domestic copper prices likely Our bureau
Mumbai , Feb. 15 MAJOR copper producers— Hindustan Copper, Birla Copper and Sterlite Industries— may raise their selling prices marginally on Thursday for the current month, trade sources said. Producers normally revise their prices twice a month. In the beginning of the month, copper producers announced a price hike of Rs 6,800-6,900 a tonne following continued rise at the London Metal Exchange (LME). "Producers may announce marginal increase in copper prices tomorrow, despite of the fact that current correction is underway," a dealer said. In line with international trend, Hindustan Zinc Limited (HZL) has already cut its prices by Rs 2,900 a tonne on zinc products and by Rs 1,200 a tonne on lead metal on Tuesday, trade sources added.
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