Tin recovers in listless trade

Tin prices recovered in an otherwise listless non-ferrous metal market here today due to good stockists buying amidst renewed demand from consumer industries.
While, nickel declined on selling after two day gain following reduced offtake from alloy industries.
The industrial metal copper edged up in early LME trade and was set for its biggest weekly gain since early May, with a string of output cut announcements set to bring supply closer to demand.
Tin rose by Rs 5 per kg to Rs 1,155 from Thursday's closing level of Rs 1,150 and copper scrap heavy inched up by a Re per kg to Rs 415.

However, nickel slipped by Rs 5 per kg to Rs 835 as against Rs 840 previously.
Copper cable scrap, copper wire bar and lead also softened by a Re per kg each to Rs 420, Rs 448 and Rs 122 respectively.