Tin, brass sheet cuttings recover on fresh demand

Image
Press Trust of India Mumbai
Last Updated : Feb 03 2017 | 4:48 PM IST
Tin and brass sheet cuttings recovered at the non-ferrous metal market here today on stockists buying amidst fresh demand from industrial users.
Elsewhere, nickel also firmed up owing to sustained demand from alloy industries.
However, select copper, zinc and lead weakened due to lower demand from industrial users.
Tin prices gained by Rs 60 per kg to Rs 1,520 from Thursday's close of Rs 1,460 and nickel advanced by Rs 10 per kg to Rs 760 as against Rs 750 yesterday.
Brass sheet cuttings rose by Rs 3 per kg to Rs 307 as against Rs 304.
However, lead moved down by Rs 4 per kg to Rs 144 compared to Rs 148 yesterday.
Copper cable scrap, copper scrap heavy and copper wire bar edged down by Rs 2 per kg each to Rs 395, Rs 385 and Rs 423 from yesterday's close of Rs 397, Rs 387 and Rs 425 respectively.
Zinc prices softened by Re 1 per kg to Rs 239.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 03 2017 | 4:48 PM IST

Next Story