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Tin and nickel rebound on fresh demand

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Press Trust of India Mumbai
Tin and nickel rebounded at the non-ferrous metal market here today on stockists' buying amid fresh demand from alloy industries.

Elsewhere, copper scrap heavy and brass utensils scrap also regained owing to renewed demand from industrial users.

While, copper armature, brass sheet cuttings, zinc and lead softened due to subdued demand from industrial users.

Tin and nickel gained by Rs 5 per kg each to Rs 1,460 and Rs 785 from last Saturday's close Rs 1,455 and Rs 780.

Copper scrap heavy and brass utensils scrap inched up by a Re per kg each to Rs 346 and Rs 264, respectively.
 

However, copper armatured, brass sheet cuttings, zinc and lead inched down by a Re per kg each to Rs 338, Rs 275, Rs 192 and Rs 136 respectively.

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First Published: Oct 24 2016 | 4:07 PM IST

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