Nickel, tin decline on reduced demand

Nickel and tin prices declined further at the non-ferrous metal market here today on heavy stockist selling amid reduced demand from alloy industries.
Elsewhere, copper and brass sheet cutting also fell owing to subdued demand from industrial users.
At the global market, London copper inched up in early trade, as oil prices climbed, while Shanghai futures dipped on gloomy Chinese housing data.
Tin dropped by Rs 10 per kg to Rs 1,485 from its overnight closing level of Rs 1,495.
Nickel and copper sheet cutting dipped by Rs 5 per kg each to Rs 1,125 and Rs 438 from Rs 1,130 and Rs 443.

Copper cable scrap, copper scrap heavy and copper wire bar eased by Rs 3 per kg each to Rs 467, Rs 459 and Rs 495 from Rs 470, Rs 462 and Rs 498.
Copper armiture moved down by Rs 2 per kg to Rs 444 from Rs 446.
Copper utensils scrap and brass sheet cutting softened by a Re per kg each to Rs 423 and Rs 334, respectively.