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Tin, brass sheet cuttings recover on fresh demand

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Press Trust of India Mumbai
Last Updated : Feb 03 2017 | 4:48 PM IST
Tin and brass sheet cuttings recovered at the non-ferrous metal market here today on stockists buying amidst fresh demand from industrial users.
Elsewhere, nickel also firmed up owing to sustained demand from alloy industries.
However, select copper, zinc and lead weakened due to lower demand from industrial users.
Tin prices gained by Rs 60 per kg to Rs 1,520 from Thursday's close of Rs 1,460 and nickel advanced by Rs 10 per kg to Rs 760 as against Rs 750 yesterday.
Brass sheet cuttings rose by Rs 3 per kg to Rs 307 as against Rs 304.
However, lead moved down by Rs 4 per kg to Rs 144 compared to Rs 148 yesterday.
Copper cable scrap, copper scrap heavy and copper wire bar edged down by Rs 2 per kg each to Rs 395, Rs 385 and Rs 423 from yesterday's close of Rs 397, Rs 387 and Rs 425 respectively.
Zinc prices softened by Re 1 per kg to Rs 239.

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First Published: Feb 03 2017 | 4:48 PM IST

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