Tin weakens on selling, subdued demand

Tin prices weakened in an otherwise sluggish non-ferrous metal market here today on stockist selling amid subdued demand from alloy industries.
Elsewhere, select copper, brass, zinc and lead slipped on the back of bearish global trend.
Globally, the industrial metal copper declined in early trade at the London Metal Exchange (LME), as traders eyed minutes from the latest Federal Reserve meeting that signalled a June rate rise may still be on the table, which lifted the dollar and dented the allure of commodities.
Tin dropped by Rs 10 per kg to Rs 1,300 from Wednesday's closing level of Rs 1,310 and copper utensils scrap eased by Rs 3 per kg to Rs 407 from Rs 410.

Copper cable scrap and copper wire bar moved down by Rs 2 per kg each to Rs 441 and Rs 461 as against Rs 443 and Rs 463 yesterday.
Copper scrap heavy, copper armiture, copper sheet cutting, brass utensils scrap, brass sheet cutting, zinc and lead all softened by a Re per kg each to Rs 436, Rs 428, Rs 423, Rs 318, Rs 327, Rs 174 and Rs 132 respectively.