Nickel and tin slips on poor offtake

Image
Press Trust of India Mumbai
Last Updated : Dec 08 2016 | 4:32 PM IST
Nickel and tin slipped at the non-ferrous metal market here today following stockists selling amidst poor offtake from alloy industries.
Elsewhere, copper, brass sheet cuttings, aluminium and lead declined owing to subdued demand from industrial users.
Nickel fell by Rs 10 per kg to Rs 1,670 from Wednesday's close at Rs 1,680 and nickel decreased by Rs 10 per kg to Rs 890 as against Rs 900 yesterday.
Brass sheet cuttings moved down by Rs 3 per kg to Rs 325 as compared Rs 328 yesterday.
Aluminium ingots and lead edged down by Rs 2 per kg each to Rs 141 and Rs 150 from yesterday's close Rs 143 and Rs 152.
Copper cable scrap, copper scrap heavy, copper armature, copper wire bar and alumiunium utensils softened by a Re per kg each to Rs 402, Rs 397, Rs 380, Rs 430 and Rs 117, respectively.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 08 2016 | 4:32 PM IST

Next Story