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Tin prices harden in mixed trade

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

Elsewhere, select copper also gained on good offtake from consumer industries, while nickel, zinc and lead declined owing to lower demand from industrial users.

The industrial metals edged down at the London Metal Exchange (LME) after gaining last week, as a stream of tepid economic data from top metals consumer China weighed on the outlook for demand.

Tin shot-up by Rs 20 per kg to Rs 1,415 from last weekend's level of Rs 1,395.

Copper cable scrap and copper wire bar moved up by Rs 2 per kg each to Rs 490 and Rs 518 from Rs 488 and Rs 516.
 

Copper armiture inched-up by a rupee per kg to Rs 475.

However, nickel declined by Rs 5 per kg to Rs 980 as against Rs 985 previously.

Copper utensils scrap, zinc and lead softened by a rupee per kg each to Rs 447, Rs 150 and Rs 131, respectively.

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First Published: Aug 05 2013 | 4:30 PM IST

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