Business Standard

Tin surges on firm demand

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Press Trust of India Mumbai
Tin prices surged further in an otherwise lacklustre non-ferrous metal market here today on heavy stockists buying amidst persistent demand from alloy industries.

The industrial metals were trading steady at the LME, underpinned by robust demand from top consumer China after September imports reached 18-month highs, but worries about a lack of progress on the United States' fiscal deadlock kept a lid on prices.

Tin climbed by Rs 5 per kg to Rs 1,585 from last Saturday's closing level of Rs 1,580.

Copper utensils scrap, brass sheet cutting and aluminium utensils scrap inched-up by a rupee per kg each to Rs 456, Rs 350 and Rs 124, respectively.
 

However, copper cables scrap, copper scrap heavy and copper wire bar softened by a rupee per kg each to Rs 497, Rs 489 and Rs 525, respectively.

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First Published: Oct 14 2013 | 5:06 PM IST

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