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Tin hardens on consistent demand

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Press Trust of India Mumbai
Tin prices hardened at the non- ferrous metal market here today on consistent stockist buying amidst rising demand from alloy industries.

Elsewhere, nickel, zinc, brass and copper prices gained further on good demand from industrial users.

The industrial metals held in a tight range at LME, on concerns about a US economic recovery after recent softer data, although brighter signs in top metals consumer China underpinned prices.

Tin shot-up by Rs 10 per kg to Rs 1,510 from Monday's closing level of Rs 1,500 and nickel climbed by Rs 5 per kg to Rs 1,040.

Copper cable scrap, copper scrap heavy, copper wire bar, brass utensil scrap and zinc moved up Rs 2 per kg each to Rs 525, Rs 517, Rs 553, Rs 344 and Rs 168 from Rs 523, Rs 515, Rs 551, Rs 342 and Rs 166, respectively.
 

Copper armAture, copper utensil scrap and brass sheet cutting inched-up by Re 1 per kg each to Rs 491, Rs 466 and Rs 355.

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First Published: Aug 27 2013 | 4:25 PM IST

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