Business Standard

Sunday, January 19, 2025 | 01:31 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Tin, zinc slip on reduced industrial demand

Image

Press Trust of India Mumbai
Tin and zinc prices slipped in an otherwise lacklustre trade at the non-ferrous metals market here today due to stockists selling amid reduced demand from alloy industries.

However, nickel recovered following renewed offtake from consuming industries.

On the global front, industrial metals climbed as Chinese copper smelters looked likely to build inventories to support prices after they announced plans to cut production next year.

Tin fell by Rs 5 per kg to Rs 1,145 from Thursday's closing level of Rs 1,150.

Zinc moved down by Rs 3 per kg to Rs 135 from Rs 138.

However, nickel rose by Rs 5 per kg to Rs 730 as compared to Rs 725 yesterday.

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

First Published: Dec 18 2015 | 4:42 PM IST

Explore News