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Tin, nickel rebound on industrial demand

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Press Trust of India Mumbai
Nickel, tin and select copper prices rebounded at the non-ferrous metal market here today on renewed buying by stockists amid good demand from alloy industries.

While, copper utensils scrap and zinc declined further owing to reduced offtake from consuming industries.

In overseas markets, London copper futures were trading steady near their lowest level in three weeks in early today ahead of key manufacturing data from China that may provide more clues on the extent of economic slowdown in the world's top consumer of the metal.

Tin climbed by Rs 10 per kg to Rs 1,245 from Wednesday's closing level of Rs 1,235.
 

Nickel rose by Rs 5 per kg to Rs 995 from Rs 990.

Copper scrap heavy, copper armiture and copper sheet cutting edged up by a Re per kg each to Rs 452, Rs 437 and Rs 431, respectively.

However, copper utensils scrap fell by Rs 3 per kg to Rs 411 as against Rs 414 yesterday.

Zinc moved down by Rs 3 per kg to Rs 188 from Rs 190.

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First Published: May 21 2015 | 4:28 PM IST

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