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Tin declines on subdued demand, global cues

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Press Trust of India Mumbai
Tin, copper and zinc prices declined at the non-ferrous metal market here due to sustained selling by stockists amid subdued demand from alloy industries on the back of bearish global cues.

On the global front, industrial metal copper slipped in early trade but remained in its recent range as caution kicked in ahead of key central bank meetings this week.

Tin fell by Rs 10 per kg to Rs 1,200 from Tuesday's closing level of Rs 1,190.

Copper cable scrap, copper scrap heavy, copper utensils scrap, copper wire bar, copper sheet cutting and zinc softened by a rupee per kg each to Rs 406, Rs 400, Rs 370, Rs 434, Rs 386 and Rs 151, respectively.

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First Published: Oct 28 2015 | 4:57 PM IST

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