Select base metals rebound on renewed demand

Nickel, copper, zinc and brass sheet cutting prices rebounded smartly at the non-ferrous metal market here today on stockists' buying amidst renewed demand from industrial users.
While, brass utensil scrap and tin prices slipped owing to sluggish demand from consuming industries.
Nickel spurted by Rs 55 per kg to Rs 825 from Tuesday's closing level of Rs 770.
Copper cable scrap, copper scrap heavy and copper billets shot up by Rs 7 per kg each to Rs 442, Rs 429 and Rs 470 from Rs 435, Rs 422 and Rs 463, respectively.
Copper armiture gained by Rs 4 per kg to Rs 409 as against Rs 405.

Copper sheet cutting moved up by Rs 3 per kg to Rs 403 from Rs 400.

Lead and brass sheet cutting rose by Rs 2 per kg to Rs 164 and Rs 322, respectively.
However, tin fell by Rs 25 per kg to Rs 1,345 from Rs 1,370.
Brass utensils scrap slips by Rs 2 per kg to Rs 303 as compared to Rs 305. PTI
However, tin declined by Rs 15 per kg to Rs 1,385 as compared Rs 1,400 yesterday.
Copper utensils edged down by Rs 2 per kg to Rs 390 as against Rs 392 and brass sheet cuttings softened by a Re per kg to Rs 321.