Nickel firms up; tin, select copper recovers on good demand

Nickel prices firmed up at the non-ferrous metal market here today on sustained buying by stockist amidst rising demand from alloy industries.
Elsewhere, tin and select copper recovered on renewed offtake from consumer industries.
While, brass, lead and select copper slipped due to subdued demand from industrial users.
Globally, the industrial metal copper futures strengthened at the Asian trade, underpinned by data showing the services sector in China grew marginally faster in November.
Nickel shot up by Rs 15 per kg to Rs 1,140 from Wednesday's closing level of Rs 1,140.
Tin climbed by Rs 10 per kg to Rs 1,490 as against Rs 1,480 yesterday.

Copper cable scrap, copper scrap heavy and copper wire bar moved up by Rs 2 per kg each to Rs 470, Rs 461 and Rs 498 from Rs 468, Rs 459 and Rs 496.

Copper armiture inched-up by a Re per kg to Rs 448.
However, lead fell by Rs 3 per kg to Rs 136 as compared to Rs 139 previously.
Copper sheet cutting, copper sheet cutting, brass utensils scrap and brass sheet cutting softened by a Re per kg to Rs 424, Rs 444, Rs 319 and Rs 334, respectively.