Nickel, tin rise on firm demand

Nickel, tin and lead prices rose smartly at the non-ferrous metal market here today on sustained buying by stockists amid firm demand from alloy industries.
While, copper prices declined further due to selling pressure following reduced offtake from industrial users.
Globally, the industrial metal copper edged up in early trade, after sliding to six-year lows in the previous session, as China pledged to halt a stockmarket rout that has unnerved investors and undermined the prospect for metals.
Tin spurted by Rs 20 per kg to Rs 1,150 from Monday's closing level of Rs 1,130.
Nickel climbed by Rs 5 per kg to Rs 890 from Rs 885.

Lead moved-up by Rs 2 per kg to Rs 128 from Rs 126.

Brass utensil scrap edged-up by a Re per kg to Rs 291.
However, copper cable scrap, copper scrap heavy, copper utensils scrap, copper wire bar and copper sheet cutting fell by Rs 2 per kg each to Rs 410, Rs 403, Rs 368, Rs 430 and Rs 390 from Rs 412, Rs 405, Rs 370, Rs 432 and Rs 392.
Copper armiture softened by a Re per kg to Rs 396.