Tin, nickel slips on subdued demand

Tin, nickel and select copper prices slipped at the non-ferrous metal market here today on stockist selling amidst subdued demand from alloy industries.
Meanwhile, copper sheet cutting and brass sheet cutting recovered due to renewed demand from consumer industries.
Globally, the industrial metal copper were trading steady in early trade, boosted by tighter than expected supply and hopes for another wave of stimulus in Japan and Europe.
Tin fell by Rs 5 per kg to Rs 1,480 from Tuesday's closing level of Rs 1,485.
Nickel declined by Rs 3 per kg to Rs 1,105 from Rs 1,108.
Copper utensils scrap moved down by Rs 2 per kg to Rs 429 from Rs 431.

Copper armiture, aluminium utensils scrap and brass honey softened by a Re per kg each to Rs 457, Rs 136 and Rs 324.
However, brass sheet cutting climbed by Rs 3 per kg to Rs 339 from Rs 336.
Copper sheet cutting moved up by Rs 2 per kg to Rs 454 as against Rs 452.