Don’t miss the latest developments in business and finance.

Tin hardens on firm demand

Image
Press Trust of India Mumbai
Last Updated : Feb 28 2014 | 4:48 PM IST
Tin prices hardened in an otherwise lacklustre non-ferrous metal market here today on persistent stockist buying amidst firm demand from alloy industries.
The industrial metals were trading steady at the LME, after comments by Federal Reserve Chair Janet Yellen soothed jitters over US growth prospects, but was set to close the month flat on lingering worries over a slowdown in China.
Tin advanced by Rs 7 per kg to Rs 1,577 from Wednesday's closing level of Rs 1,570.
Aluminium ingots and zinc inched-up by a rupee per kg each to Rs 152 and Rs 175 respectively.
However, brass utensils scrap softened by a Re per kg to Rs 358.

More From This Section

First Published: Feb 28 2014 | 4:48 PM IST

Next Story