Business Standard

Tin maintains its rising trend on heavy demand

Image

Press Trust of India Mumbai
Tin prices continued its rising trend at the non-ferrous metal market here today on heavy demand from stockist as well as alloy industries.

Elsewhere, select copper, aluminium, zinc and nickel also rose on good demand from consumer industries.

The industrial metals traded range-bound at the London Metal Exchange (LME) with muted summer-season demand from top consumer China keeping volumes low, as investors eye the release of Chinese trade and industrial output.

Tin shot-up by Rs 10 per kg to 1,425 from Monday's closing level of Rs 1,415.

Nickel climbed by Rs 5 per kg to Rs 985 from Rs 980.
 

Copper scrap heavy moved up by Rs 2 per kg to Rs 485 from Rs 483.

Copper cable scrap, copper armiture, copper utensils scrap, copper wire bar, aluminium ingots and zinc inched-up by a rupee per kg each to Rs 491, Rs 476, Rs 448, Rs 519, Rs 144 and Rs 151 respectively.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 06 2013 | 4:26 PM IST

Explore News