Nickel, tin decline on stockist selling

Nickel and tin prices declined at the non- ferrous metal market here today on stockist selling amid reduced demand from alloy industries.
Elsewhere, rest all other base metals including select copper, aluminium, zinc, brass and lead ended with small gains and losses on bouts of buying and selling.
The industrial metals fell at the LME after the Federal Reserve chair signalled interest rates could rise next year, eroding support for liquidity friendly commodities.
Tin dropped by Rs 7 per kg to Rs 1,568 from Wednesday's close of Rs 1,575 and nickel slipped by Rs 5 per kg to Rs 1,065 from Rs 1,070.

Copper cable scrap, copper wire bar, aluminium ingots and zinc softened by a Re per kg each to Rs 483, Rs 511, Rs 149 and Rs 172 respectively.
However, brass utensils scrap, brass sheet cutting and aluminium utensils scrap all moved up by Rs 2 per kg to Rs 349, Rs 360 and Rs 128 from overnight close of Rs 347, Rs 358 and Rs 126.
Copper armature, copper sheet cutting and lead also inched up by a Re per kg each to Rs 474, Rs 470 and Rs 143.