Nickel, tin drop on subdued demand, global cues

Image
Press Trust of India Mumbai
Last Updated : Dec 09 2014 | 5:16 PM IST
Prices of nickel, tin, select copper, aluminium and lead dropped at the non-ferrous metal market here today on stockists selling amidst subdued demand from industrial users.
Copper sheet cuttings, Brass utensils scraps and Zinc recovered on good demand from consumer industries.
Base metals were lower in Asian trade, as shaky demand outlook in China curbed buying that had already begun to wane towards year-end.
Tin and Nickel declined by Rs. 5 per kg each to Rs 1,485 and Rs 1,135 from Monday's closing level Rs 1,490 and Rs 1,140.
Lead fell by Rs 3 per kg to Rs. 132 from Rs. 135.
Copper scrap heavy and Copper armiture moved down by Rs 2 per kg each to Rs. 464 and Rs 449 from Rs 466 and Rs 451.
Copper utensils scrap and Aluminium utensils scrp also edged down by a Re per kg each to Rs 427 and Rs 136, respectively.
However, Copper sheet cuttings, Brass utensils scrap and Zinc climbed by Rs. 2 per kgs each to Rs 448, Rs 323 and Rs 184 as against Rs 446, Rs 321 and Rs 182.
*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 09 2014 | 5:16 PM IST

Next Story