Nickel, tin firm up on sustained demand

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Press Trust of India Mumbai
Last Updated : Jan 17 2014 | 4:42 PM IST
Nickel and tin prices firmed up at the non-ferrous metal market here today due to heavy stockist buying amidst sustained demand from alloy industries.
Select copper, aluminium and zinc edged down due to subdued offtake from consumer industries.
The industrial metals fell at global markets as traders locked in profits after a ban on Indonesian ore exports that came into force at the weekend triggered its biggest weekly gain in nearly a year.
Tin and nickel prices climbed by Rs 5 per kg each to Rs 1,540 and Rs 1,005 from Thursday's closing level of Rs 1,535 and Rs 1,000.
Brass sheet cutting, aluminium utensils scrap and lead inched up by Re 1 per kg each to Rs 363, Rs 126 and Rs 138.
However, Copper sheet cutting and aluminium ingots moved down by Rs 2 per kg each to Rs 484 and Rs 146 from Rs 486 and Rs 148.
Copper cable scrap, copper armature, copper wire bar and zinc softened by Re 1 per kg each to Rs 510, Rs 489, Rs 538 and Rs 174, respectively.
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First Published: Jan 17 2014 | 4:42 PM IST

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