Tin, nickel drop on selling, subdued demand

Tin and nickel prices dropped at the non-ferrous metal market here today on selling by stockists amid subdued demand from alloy industries.
Elsewhere, select copper and brass utensils scrap moved up on good offtake from consumer industries.
Tin fell by Rs 10 per kg to Rs 1,150 from Tuesday's closing level of Rs 1,160 and nickel slid by Rs 5 per kg to Rs 810 as against Rs 815 yesterday.
Brass sheet cuttings edged down by Rs 2 per kg to Rs 295 from Rs 297.
However, copper cable scrap, copper scrap heavy, copper armiture, copper wire bar and brass utensils scrap inched up by a rupee per kg each to Rs 405, Rs 398, Rs 389, Rs 433 and Rs 288 respectively.