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Nickel, tin fall on lower demand

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Press Trust of India Mumbai
Last Updated : Sep 25 2013 | 4:31 PM IST
Nickel and tin prices fell at the non-ferrous metal market here today on stockist selling amidst subdued demand from alloy industries.
Elsewhere, brass, zinc and copper utensils scrap edged down due to lower offtake from consumer industries.
The industrial metals were trading steady at the LME, snapping three sessions of losses as steady buying from top consumer China buoyed prices.
Tin and nickel dropped by Rs 5 per kg each to Rs 1,555 and Rs 1,015 from Tuesday's closing level of Rs 1,560 and Rs 1,020.
Copper utensils scrap, brass utensils scrap, brass sheet cutting and zinc softened by a rupee per kg each to Rs 462, Rs 344, Rs 354 and Rs 159, respectively.
However, copper sheet cutting inched-up by Re 1 per kg to Rs 484.

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First Published: Sep 25 2013 | 4:31 PM IST

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