Nickel, tin slide on subdued demand

Nickle and tin prices slid in an otherwise sluggish non-ferrous metal market here today on stockists selling amid subdued demand from alloy industries.
Meanwhile, copper sheet cuttings recovered slightly owing to renewed offtake from consumer industries.
Globally, industrial metal copper edged up in early LME trade, but remained near its lowest in more than half a decade, as persistent concerns about ebbing demand from top metals user China eclipsed the impact of a slightly softer dollar.
Nickel declined by Rs 15 per kg to Rs 750 from Wednesday's close of Rs 765 and tin moved down by Rs 5 per kg to Rs 1,135 as against to Rs 1,140.

Copper utensils and zinc edged down by Rs 2 per kg each to Rs 343 and Rs 138 as compared to Rs 345 and Rs 140 yesterday.
Copper cable scrap, copper scrap heavy, copper armiture, copper wire bar and lead softened by a Re per kg each to Rs 375, Rs 369, Rs 361, Rs 403 and Rs 120 respectively.
However, copper sheet cuttings moved up by Rs 2 per kg to Rs 357 as against Rs 355 previously.