Tin slumps, Nickel declines on stockists selling

Tin prices slumped and the Nickel declined in another lacklustre non-ferrous metal market here today on stockists selling amid lower demand from alloy industries.
Elsewhere, select copper also eased owing to lower offtake from industries users on the back of bearish global cues.
The Industrial metal copper edged lower in early trade at the LME after surprisingly weak Chinese import data at the weekend fuelled worries that economic growth in the world's top consumer of metals may be more fragile than anticipated.
Tin dropped by Rs 20 per kg to Rs 1,435 from last Saturday's closing level of Rs 1,455 and Nickle fell by Rs 5 per kg to Rs 1,075 from Rs 1,080.

Copper cable, Copper scrap heavy, Copper armiture and Copper wire bar moved down by Rs 1 per kg each to Rs 427, Rs 422, Rs 417 and Rs 447 respectively.
On the other hand, Copper utensils, Copper sheets cuttings, Brass utensils scrap and Brass sheets cuttings rose by Rs 1 per kg each to Rs 396, Rs 412, Rs 313 and Rs 322 as against Rs 395, Rs 411, Rs 312 and Rs 321 respectively.