Base metals slip on selling, global cues

Most of the base metals, including nickel, tin, copper and brass prices dropped at the non-ferrous metal market here today on stockists selling amid lower demand from industrial users on the back of bearish global cues.
On the global front, industrial metal nickel fell to its lowest after the European Commission cut growth forecasts for euro zone.
Nickel dipped by Rs 20 per kg to Rs 1,085 from Tuesday's closing level of Rs 1,105.
Tin dropped by Rs 15 per kg to Rs 1,490 from Rs 1,505.
Copper cable scrap, copper scrap heavy, copper armiture and copper wire bar declined by Rs 4 per kg each to Rs 476, Rs 469, Rs 451 and Rs 504 from Rs 480, Rs 473, Rs 455 and Rs 508.

Copper utensils scrap, copper sheet cutting and brass sheet cutting eased by Rs 3 per kg each to Rs 428, Rs 448 and Rs 339 from Rs 431, Rs 451 and Rs 341.
Brass utensils scrap moved down to Rs 2 per kg to Rs 326 as against Rs 328.
Zinc softened by a Re per kg to Rs 186.