Tin, nickel surge on sustained demand

Image
Press Trust of India Mumbai
Last Updated : Aug 12 2014 | 4:41 PM IST
Tin and Nickel prices surged at the non-ferrous metal market here today on stockist buying amid sustained demand from alloy industries.
Meanwhile, select copper, brass and aluminium slipped due to lower offtake from consumer industries.
The Industrial metals skidded to within sight of its lowest in early trade, as concerns over geopolitical tensions in Iraq and Ukraine clouded the outlook for demand amid thin summer trade.
Nickel climbed by Rs 10 per kg to Rs 1,250 from Monday's closing level of Rs 1,240.
Tin gained by Rs 5 per kg to Rs 1,590 from Rs 1,585.
Aluminium ingots moved down by Rs 3 per kg to Rs 169 as against Rs 172 yesterday.
Copper scrap heavy, copper armiture, copper utensils scrap, brass utensils scrap and brass sheet cutting all softened by Re 1 per kg each to Rs 489, Rs 471, Rs 448, Rs 338 and Rs 355, respectively.
*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: Aug 12 2014 | 4:41 PM IST

Next Story