Tin, nickel gain on sustained demand

Tin and Nickel prices gained further at non-ferrous metal market here today on stockist buying amidst sustained demand from alloy industries.
Meanwhile, select copper, brass and zinc eased due to lower offtake from industrial users on the back of bearish London Metal Exchange (LME) cues.
Globally, the industrial metal copper slipped in early trade, hurt by concerns over China's sluggish property sector, although expectations of more European monetary stimulus provided support.
Tin rose by Rs 10 per kg to Rs 1,485 from Monday's closing level of Rs 1,475.
Nickel moved up by Rs 3 per kg to Rs 1,108 as against Rs 1,105 yesterday.

However, brass sheet cutting declined by Rs 3 per kg to Rs 336 from Rs 340.
Copper cable scrap, copper utensils scrap, copper wire bar, brass utensils scrap and zinc softened by a Re per kg each to Rs 482, Rs 431, Rs 510, Rs 327 and Rs 184, respectively.