Tin, nickel firm up on sustained demand

Tin and nickel firmed up at the non-ferrous metal market here today on sustained buying from stockist amid demand from alloy industries.
Elsewhere, select copper, brass and aluminium also edged up on good offtake from consumer industries.
The industrial metals gained over better-than-expected Chinese manufacturing and amid outcome of Federal Reserve's meet, which gave no indication over reduction in stimulus immediately.
Nickel spurted by Rs 10 per kg to Rs 980 from Wednesday's closing level of Rs 970 and tin rose by Rs 5 per kg to Rs 1,370 from Rs 1,365.
Copper utensils scrap edged up by Rs 2 per kg to Rs 448 as against Rs 446.

Copper cable scrap, copper scrap heavy, copper wire bar, brass utensils scrap, brass sheet cutting and aluminium ingots all inched up by a rupee per kg to Rs 488, Rs 482, Rs 516, Rs 328, Rs 338 and Rs 143, respectively.
However, copper sheet cutting softened by a rupee per kg to Rs 469 from Rs 470.