Nickel, tin prices recover on fresh demand

Nickel and tin prices recovered at the non-ferrous metal market here today on renewed stockist buying amidst fresh demand from alloy industries.
Elsewhere, select copper, brass edged up on mild offtake from industrial users.
Meanwhile, copper sheet cutting declined on stockist selling on the back of subdued demand from industrial users.
The industrial metals fell in the early trade at LME, after signs the US Central bank was diverting towards tapering its bond-buying scheme ahead of a string of global manufacturing sector reports.
Nickel shot-up by Rs 10 per kg to Rs 990 from Wednesday's closing level of Rs 980.

Tin rose by Rs 5 per kg to Rs 1,330 from Rs 1,325.

Copper utensils scrap looked up by Rs 3 per kg to Rs 440 from Rs 437.
Copper scrap heavy, copper armiture and brass sheet cutting all inched up by a rupee per kg each to Rs 473, Rs 463 and Rs 332, respectively.
However, copper sheet cutting slipped by Rs 4 per kg to Rs 458 as against Rs 462 yesterday.