Nickel, tin, zinc and copper sheet cuttings dropped in an otherwise sluggish non-ferrous metal market here today on sustained stockists selling amid poor demand from industrial users.
On the global front, the industrial metal copper was flat in early trade, even as much of the region returned to work after a Lunar New Year holiday, but top buyer China remained on a week-long break, draining volume and direction from the market.
Nickel slumped by Rs 10 per kg to Rs 1,030 from last saturday's closing level of Rs 1,040 and tin fell by Rs 5 per kg to Rs 1,395 from Rs 1,400.
Zinc and copper sheet cuttings declined by Rs 4 per kg each to Rs 170 and Rs 416 as against to Rs 174 and Rs 420 previously.
Copper cable scrap, copper scrap heavy, copper armiture, copper wire bar and lead all softened by a Re per kg to Rs 431, Rs 426, Rs 423, Rs 451 and Rs 136 respectively.
