Tin, nickel zoom on heavy demand, sliding rupee

Tin and nickel prices zoomed at the non-ferrous metal market here today on heavy stockist buying amidst strong demand from alloy industries on the back of sliding rupee value.
Elsewhere, copper, brass, aluminium, zinc and lead also strengthen on good offtake from industrial users.
The industrial metals edged up at the LME, on the prospect of improving Chinese demand, as the dollar eased with some investors switching to safe-haven currencies amid mounting geopolitical tensions over Syria.
Nickel jumped by Rs 50 per kg to Rs 1,090 from Tuesday's closing level of Rs 1,040.
Tin hardened by Rs 30 per kg to Rs 1,540 from Rs 1,510. Copper armiture shot-up by Rs 12 per kg to Rs 503 from Rs 491 and copper sheet cutting advanced by Rs 6 per kg to 502 from Rs 486.

Copper cable scrap, copper wire bar and brass sheet cutting looked-up by Rs 6 per kg each to Rs 531, 559 and Rs 361 from Rs 525, Rs 553 and Rs 355, respectively.

Copper scrap heavy added by Rs 5 per kg to Rs 522 from Rs 517 and aluminium ingots gained by Rs 4 per kg to Rs 348 from Rs 344.
Aluminium ingots also climbed by Rs 3 per kg to Rs 128 from Rs 125.
Copper utensils scrap and zinc moved up by Rs 2 per kg each to Rs 468 and Rs 170 from Rs 466 and Rs 168.

Lead inched-up by Re 1 per kg to Rs 132.