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Nickel, tin prices fall on lower offtake

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Press Trust of India Mumbai
Nickel and tin prices declined at non-ferrous metal market here today on stockist selling amid lower offtake from alloy industries.

Elsewhere, select copper, brass and lead also eased following subdued demand from industrial users.

The industrial metal drifted further at the LME, following a slightly firmer dollar, while seasonally strong demand from top consumer China offered support.

Nickel dropped by Rs 8 per kg to Rs 982 from Tuesday's closing level of Rs 990.

Tin fell by Rs 5 per kg to Rs 1,335 from Rs 1,340.

Copper sheet cutting, brass utensils scrap and lead inched down by a rupee per kg each to Rs 459, Rs 323 and Rs 144, respectively.

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First Published: May 29 2013 | 5:12 PM IST

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