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Tin prices strengthen on heavy demand

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

Elsewhere, select copper, brass, aluminium and zinc also moved up on good offtake from consumer industries.

The industrial metals edged down at the London Metal Exchange on profit taking, supported by signs of stabilisation in global factory sector growth and the accommodative stance of top central banks.

Tin surged by Rs 15 per kg to Rs 1,385 from Thursday's closing level of Rs 1,370.

Copper cable scrap, copper scrap heavy, copper armiture, copper wire bar, brass utensils scrap, aluminium utensils scrap and zinc inched-up by a rupee per kg each to Rs 489, Rs 483, Rs 474, Rs 517, Rs 329, Rs 120 and Rs 151, respectively.

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First Published: Aug 02 2013 | 4:35 PM IST

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