Nickel, tin fall on subdued demand, global cues

Image
Press Trust of India Mumbai
Last Updated : Nov 19 2013 | 4:25 PM IST
Nickel and tin prices fell at the non-ferrous metal market here today on sustained stockist selling amidst subdued demand from alloy industries driven by lower London Metal Exchange (LME) cues.
Elsewhere, select copper, zinc and lead also eased on reduced offtake from consumer industries.
The industrial metals dropped to a three month low at LME, following US Federal Reserve officials indicating a bright outlook of the economy, signalling it may soon curb its monetary stimulus.
Nickel and tin prices dipped by Rs 5 per kg each to Rs 1,010 and Rs 1,575 from Monday's closing level of Rs 1,015 and Rs 1,580.
Copper sheet cutting declined by Rs 3 per kg to Rs 472 from Rs 475 previously.
Copper cable scrap, copper armature, copper wire bar, zinc and lead all softened by a rupee per kg to Rs 497, Rs 477, Rs 525, Rs 159 and Rs 129, respectively.

More From This Section

First Published: Nov 19 2013 | 4:25 PM IST

Next Story