Select base metals rebound on fresh demand

Nickel, brass and select copper prices rebounded at the non-ferrous metal market here today on stockist buying amid renewed demand from industrial users.
While, tin, zinc and lead slipped due to subdued demand from alloy industries.
Globally, London copper drifted lower in early trade at the London Metal Exchange, as traders awaited a possible US interest rate increase this week, but losses were cushioned by a seasonal demand pick-up and as lower prices forced some producers to trim supply.
Nickel rose by Rs 5 per kg to Rs 835 from Tuesday's closing level of Rs 830.
Copper cable scrap, copper scrap heavy and copper wire bar moved up by Rs 2 per kg each to Rs 422, Rs 417 and Rs 450.

Brass utensil scrap and brass sheet cutting edged-up by a Re per kg each to Rs 304 and Rs 312, respectively.
However, tin dropped by Rs 6 per kg to Rs 1,162 as against Rs 1,168 yesterday.
Zinc and lead softened by a Re per kg each to Rs 158 and Rs 122.