Nickel, tin prices rise on sustained demand

Nickel and tin prices climbed in an otherwise sluggish non-ferrous metal market here today on sustained stockist buying amidst heavy demand from alloy industries.
While, select copper, brass, aluminium, zinc and lead all eased due to lower demand from industrial users.
The industrial metals rose at the London Metal Exchange (LME), after Cyprus reached an outline deal with international lenders for a 10 billion euro bailout.
Nickel spurted by Rs 10 per kg to Rs 1,060 from last Saturday's closing level of Rs 1,050 and tin also gained by Rs 3 per kg to Rs 1,430 from Rs 1427.
However, brass sheet cutting and lead edged down by Rs 2 per kg to Rs 334 and Rs 137 from Rs 336 and Rs 139.

Copper cable scrap, copper scrap heavy, copper armiture, copper wire bar, copper sheet cutting, aluminium ingots, aluminium utensils scrap and zinc all softened by a rupee per kg each to Rs 488, Rs 481, Rs 471, Rs 516, Rs 465, Rs 138, Rs 113 and Rs 144, respectively.