Tin, nickel drop on lower demand

Tin and Nickel prices dropped at the non-ferrous metal market here today on stockist selling amidst lower demand from alloy industries.
Elsewhere, brass and zinc edged-up on mild offtake from consumer industries. While, copper and aluminium utensil scrap eased due to lower offtake from industrial users.
Globally, the industrial metal copper slipped in early trade and was on track for its biggest weekly loss since September as traders cut risk ahead of a slew of readings on European growth.
Tin dipped by Rs 15 per kg to Rs 1,470 from Thursday's closing level of Rs 1,485.
Nickel fell by Rs 5 per kg to Rs 1,095 from Rs 1,100.

Copper cable scrap, copper scrap heavy, copper armiture, copper utensils scrap, copper wire bar, copper sheet cutting and aluminium utensil scrap softened by a Re per kg each to Rs 481, Rs 472, Rs 457, Rs 430, Rs 509, Rs 454 and Rs 136, respectively.
However, brass utensils scrap, brass sheet cutting and zinc inched-up by a Re per kg each to Rs 330, Rs 342 and Rs 185.