Tin and lead slip on sluggish demand

Tin and lead prices slipped at the non-ferrous metal market in Mumbai on Monday on stockists selling amid sluggish demand from alloy industries.

Elsewhere, copper armature and brass utensils scrap also edged down owing to mild demand from industrial users.

Select copper and zinc gained due to good demand from industrial users.

Tin prices slid by Rs 3 per kg to Rs 1,445 from last Saturday's close at Rs 1,448 and lead moved down by Rs 139 as against Rs 142 previously.

Copper armature and brass utensils scrap softened by a Re per kg each to Rs 351 and Rs 277, respectively.

 

However, copper scrap heavy rose by Rs 2 per kg to Rs 362 from last weekend's level at Rs 360.

Copper cable scrap, copper wire bar and zinc inched up by a rupee per kg each to Rs 367, Rs 395 and Rs 199, respectively.