Select base metal declines on subdued demand

Tin, nickel and select copper prices declined at the non-ferrous metal market here today on stockists selling amidst subdued demand from industrial users on the back of lower London Metal Exchange (LME) cues.
The industrial metal edged lower at the LME, as the market took a breather after hitting its highest since mid-August in the previous session, fuelled by signs of global economic recovery and hopes of improving Chinese demand.
Tin fell by Rs 5 per kg to Rs 1,570 from last Saturday's closing level of Rs 1,575.
Nickel and copper utensils scrap eased by Rs 2 per kg each to Rs 1,005 and Rs 465 from Rs 1,007 and Rs 467.

Copper armature and lead softened by a Re per kg each to Rs 492 and Rs 138.
However, copper sheet cutting moved-up by Rs 2 per kg to Rs 488 from Rs 486.
Copper scrap heavy and brass sheet cutting inched-up by Re 1 per kg each to Rs 505 and Rs 362, respectively.