Select base metals slide on weak demand

Tin prices fell sharply at the non- ferrous metal market here today due to reduced demand from industrial users as well as sustained stockists selling.
Elsewhere, nickel, brass utensils and select copper also declined owing to lack of demand from alloy industies.
Meanwhile, copper sheets cutting, coppper scrap heavy, lead and brass sheets cutting moved up on better offtake from consuming industries.
Industrial metals were trading firm at the LME, with copper recovering from five-week low on continued positive news from Syria amid improving global macro outlook amid some investors cautious ahead of the upcoming Fed FOMC meet outcome.
Tin shed Rs 10 per kilo to Rs 1,560 from last Saturday's closing level of Rs 1,570 and nickel lost by Rs 5 per kilo to Rs 1,025 from Rs 1,030.

Copper wire bar and copper cable scrap both declined by Rs 4 per kilo to Rs 531 and Rs 503 respectively, as against Rs 535 and Rs 507 previously.

Copper utensils scrap and brass utensils scrap edged lower by Rs 2 per kilo each to Rs 458 and Rs 343.
However, copper sheets cutting firmed up by Rs 3 per kilo to Rs 478 from Rs 475 last weekend.
Copper scrap heavy, lead and brass sheets cutting all gained by Re 1 per kilo each to Rs 495, 133 and Rs 353 respectively.