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Tin recovers on limited trade

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Press Trust of India Mumbai
Last Updated : Sep 12 2014 | 4:24 PM IST
Tin prices recovered modestly in an otherwise limited non-ferrous metal market here today due to buying by stockists amid slight demand from alloy industries.
Elsewhere, select copper edged up on better offtake from consumer industries.
The industrial metal drifted in thin trade at the LME in early trade, remaining on track for its biggest weekly loss in almost two months after expectations that the US could raise interest rates earlier-than-expected, boosted the dollar and bruised metals.
Tin climbed by Rs 5 per kg to Rs 1,545 from Thursday's closing level of Rs 1,540.
Copper cable scrap, copper utensils scrap, copper wire bar and copper sheet cutting moved up by a Re per kg to Rs 489, Rs 441, Rs 517 and Rs 463, respectively.

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First Published: Sep 12 2014 | 4:24 PM IST

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