Tin, nickel prices rise on good demand

Tin and nickel prices rose smartly at the non-ferrous metal market here today on buying by stockists amid firm demand from alloy industries.
While, copper, zinc and lead slipped due to selling pressure following lower offtake from industrial users.
On global front, industrial metal copper resumed its downtrend as sentiment soured towards base metals after world factory activity slowed in August and the International Monetary Fund cut its outlook for global growth.
Tin climbed by Rs 25 per kg to Rs 1,135 from Tuesday's closing level of Rs 1,110.
Nickel rose by Rs 5 per kg to Rs 830 from Rs 825.

However, copper scrap heavy and copper utensils scrap declined by Rs 3 per kg each to Rs 402 and Rs 373 from Rs 405 and Rs 376.
Copper cable scrap, copper armiture, copper wire bar, and lead moved down by Rs 2 per kg each to Rs 408, Rs 398, Rs 436 and Rs 122 from Rs 410, Rs 400, Rs 438 and Rs 124, respectively.
Copper sheet cutting and zinc edged down by a Re per kg each to Rs 393 and Rs 122.