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Tin rebounds on sustained demand

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Press Trust of India Mumbai
Last Updated : Apr 20 2015 | 4:22 PM IST
Tin prices rebound smartly at the non-ferrous metal market here today on stockists buying amid sustained demand from coating and alloy industries.
Meanwhile, Nickel, select copper, brass and lead price eased due to lower offtake from consumer industries.
Globally, London copper rallied to its highest in four weeks at the LME in early trade, after China cut the amount of cash that banks must hold as reserves to help combat slowing growth in the world's second biggest economy.
Tin rose by Rs 25 per kg to Rs 1,225 from last Saturday's closing level of Rs 1,200.
However, nickel slipped by Rs 5 per kg to Rs 960 as against Rs 965 last weekend.
Copper utensils scrap fell by Rs 3 per kg to Rs 407 from Rs 410.
Copper sheet cutting, brass utensils scrap and lead softened by a Re per kg each to Rs 422, Rs 315 and Rs 133.

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First Published: Apr 20 2015 | 4:22 PM IST

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