Nickel, tin recover on renewed industrial demand

Nickel and tin prices recovered at the non-ferrous metal market here today on good stockists buying amid good demand from alloy industries.
Elsewhere, select copper and zinc edged up, while copper utensils scrap eased on lower offtake from consumer industries.
The Industrial metal, copper declined in early trade at the LME ahead of key US jobs data, but was set to notch up its biggest weekly gain in 18 months, riding in the slipstream of a rebound in crude oil prices.
Nickel spurted by Rs 15 per kg to Rs 1,080 from Thursday's closing level of Rs 1,065 and tin climbed by Rs 10 per kg to Rs 1,460 from Rs 1,450.

Copper cable scrap, copper scrap heavy, copper armiture, copper wire bar and zinc inched up by a Re per kg each to Rs 426, Rs 421, Rs 417, Rs 446 and Rs 174 respectively.
However, copper utensils scrap moved down by Rs 3 per kg to Rs 394 as against Rs 397 previously.