Copper and tin recovers on good industrial demand

Copper and tin prices recovered smartly at the non-ferrous metal market here today on sustained stockists buying amidst good demand from industrial users.
However, nickel slumped due to subdued demand from alloy industries. While, lead, zin and aluminium prices declined owing to lower offtake from consumer industries.
On the global front, the industrial metal copper edged down in early trade, after a solid U S labour report boosted the dollar, with prices set to close the week little changed amid the Lunar New Year holiday in top consumer China.
Tin spurted by Rs 10 per kg to Rs 1,400 from Wednesday's closing level of Rs 1,390.

Copper cable scrap and copper wire bar climbed by Rs 5 per kg each to Rs 433 and Rs 453 from Rs 428 and Rs 448.
Copper scrap heavy and copper sheet cuttings rose by Rs 3 per kg each to Rs 428 and Rs 420 as against Rs 425 and Rs 417 previously.

Copper armiture edged up by Rs 2 per kg to Rs 424 from Rs 422 and copper utensils scrap inched up by a Re per kg to Rs 402.
However, Nickel plunged by Rs 25 per kg to Rs 1,030 from previous closing level of Rs 1,055 and aluminium ingots dropped by Rs 5 per kg to Rs 160 from Rs 165.

Aluminium utensils scrap moved down by Rs 2 per kg to Rs 131 from Rs 133.
Zin and lead also softened by a Re per kg to Rs 173 and Rs 136 respectively.