Tin recovers on renewed demand

Tin prices recovered in an otherwise mixed non-ferrous metal market here today due to stockist buying, amidst renewed demand from alloy industries.
Elsewhere, select copper and brass also gained on good offtake from consumer industries.
Meanwhile, copper sheet cutting, select brass, aluminium and zinc declined owing to lower demand industrial users.
The industrial metals were trading almost stable at the LME, as markets lost direction ahead of Thanksgiving holidays in the US, but prices were on track for their biggest monthly fall since June on expectations of improving supply.
Tin climbed by Rs 5 per kg to Rs 1,580 from Tuesday's closing level of Rs 1,575.

Copper cable scrap and copper wire bar moved-up by Rs 2 per kg each to Rs 503 and Rs 531 from Rs 501 and Rs 529.

Copper scrap heavy and brass utensils scrap inched-up by Re 1 per kg each to Rs 495 and Rs 345 respectively.
However, copper sheet cutting fell by Rs 4 per kg to Rs 475 from Rs 479 and Aluminium ingots moved-down by Rs 2 per kg to Rs 145 from Rs 147.
Brass sheet cutting and zinc softened by Re 1 per kg each to Rs 354 and Rs 159.