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Nickel, tin decline on lower demand

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Press Trust of India Mumbai
Prices of nickel, tin, zinc and copper scrap heavy declined at the non-ferrous metal market here today on selling by stockists amid lower demand from industrial users.

Nickel rates declined by Rs 10 per kg to Rs 725 from Saturday's closing level of Rs 735 and tin moved down by Rs 5 per kg to Rs 1,145 as against to Rs 1,150 previously.

Zinc and copper scrap heavy softened by Rs 2 per kg each to Rs 138 and Rs 375 as compared to Rs 140 and Rs 377 previously.

However, lead, copper sheet cuttings and copper armiture rose by Rs 2 per kg each to Rs 122, Rs 367 and Rs 372 from Rs 120, Rs 365 and Rs 370 last Saturday.
 

Copper cable scrap and copper wire bar edged up by a Re per kg each to Rs 384 and Rs 412, respectively.

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First Published: Dec 14 2015 | 4:57 PM IST

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