Tin, nickel, select copper rebound on renewed demand

Tin, nickel and select copper rebounded modestly at the non-ferrous metal market here today on stockists' buying amid renewed demand from industrial users.

Elsewhere, zinc gained further due to good demand from alloy industries.

While, copper utensils, brass and lead declined owing to sluggish demand from consuming industries.

Tin and nickel rose by Rs 5 per kg each to Rs 1,400 and Rs 985 from Thursday's closing level of Rs 1,395 and Rs 980.

Zinc prices moved up by Rs 3 per kg to Rs 215 as against Rs 212 yesterday and copper scrap heavy edged up by Rs 2 per kg to Rs 447 from Rs 445.

Copper cable scrap, copper billets and copper sheet cuttings inched up per kg each to Rs 452, Rs 480 and Rs 441.

However, copper utensils slid by Rs 7 per kg to Rs 416 as compared to yesterday's closing level of Rs 423.

Brass utensils scrap, brass sheet cuttings and lead softened by a rupee per kg each to Rs 337, Rs 354 and Rs 167, respectively.