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Tin, nickel rise on industrial demand

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Press Trust of India Mumbai
Last Updated : Dec 31 2014 | 4:31 PM IST
Tin and nickel prices rose in an otherwise mixed pattern of trading at the non-ferrous metal market here today on buying by stockists amid sustained demand from alloy industries.
Meanwhile, select copper, brass and aluminium prices edged down due to lower offtake from consuming industries.
In global markets, London copper trading flat in early trade, near a 4-1/2-year low as investors awaited Chinese data for cues, with the metal looking set to post its worst annual decline in three years on concerns over growth in the world's top consumer.
Tin climbed by Rs 10 per kg to Rs 1,470 from Tuesday's closing level of Rs 1,460.
Nickel gained by Rs 5 per kg to Rs 1,120 as against overnight level of Rs 1,115.
Copper cable scrap, copper utensils scrap and copper wire bar inched-up by a Re per kg each to Rs 470, Rs 425 and Rs 498.
However, copper sheet cutting, brass utensils scrap and aluminium ingots moved down by Rs 2 per kg each to Rs 440 Rs 325 and Rs 171 from Rs 442, Rs 327 and Rs 173.
Copper armiture, brass sheet cutting and aluminium utensils scrap softened by a Re per kg each to Rs 445, Rs 337 and Rs 134, respectively.

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First Published: Dec 31 2014 | 4:31 PM IST

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