Nickel, tin fall on stockists selling

Nickel and tin fell further at the non-ferrous metal market here today on stockists selling amidst reduced demand from alloy industries.
Elsewhere, copper and brass also dropped due to reduced demand from industrial users.
The industrial metal was trading steady in early trade at the London Metal Exchange (LME) but was set to log its biggest weekly loss in seven weeks after the US withdrew liquidity, with markets expected to remain quiet due to a holiday in China and ahead of a US jobs report.
Tin dipped by Rs 8 per kg to Rs 1,620 from Wednesday's closing level of Rs 1,628.

Copper cable scrap, copper armiture, and copper wire declined by Rs 4 per kg each to Rs 491, Rs 478 and Rs 519 from Rs 495, Rs 482 and Rs 523, respectively.
Copper scrap heavy and nickel eased by 3 per kg each to Rs 485 and Rs 1,215 from Rs 488 and Rs 1,218.

Copper utensils scrap, brass utensils scrap and brass sheet cutting moved down by Rs 2 per kg each to Rs 461, Rs 349 and Rs 361 from Rs 463, Rs 351 and Rs 363.
Copper sheet cutting softened by a Re per kg to Rs 474.

However, gunmetal scrap moved up by Rs 2 per kg to Rs 415 from Rs 413 and lead inched-up by a Re per kg to Rs 148.