Tin rebounds on fresh demand

Tin rebounded smartly at the non-ferrous metal market here today due to fresh demand from alloy industries.
However, copper, brass and nickel fell due to stockists selling amid lower demand from consumer industries.
On the global front, the industrial metal copper was set to close lower for a second week in an early trade, as a seasonal demand lull and concerns over China's stock market stability kept risk appetite in check.
Tin went up to Rs 20 per kg to Rs 1,140 from Thursday's closing level of Rs 1,120.
However, nickel slipped by Rs 10 per kg to Rs 895 from overnight closing level of Rs 905.

Copper cable scrap and copper wire bar moved down by Rs 3 per kg each to Rs 427 and Rs 447 as against Rs 430 and Rs 450 yesterday.
Copper scrap heavy, copper utensils scrap and copper sheet cuttings edged down by Rs 2 per kg each to Rs 421, Rs 382 and Rs 404 respectively.
Copper armiture, brass utensils scrap and brass sheets cuttings softened by a Re per kg each to Rs 412, Rs 299 and Rs 310 respectively.