Tin rallies on industrial demand

Tin prices rallied in an otherwise sluggish non-ferrous metal market here today on good stockists as well as demand from alloy industries.   

Meanwhile, nickel, copper, brass, zinc and lead fell on subdued industrial demand amidst lower global cues.

Tin prices surged by Rs 20 per kilo to Rs 1,430 from its overnight closing level of Rs 1,410.

However, nickel dropped by Rs 10 per kilo to Rs 1,230 from yesterday's closing level of Rs 1,240.

Copper cable scrap and copper wire bar both declined by Rs 6 per kilo each to Rs 452 and Rs 480 respectively as against Rs 458 and Rs 486 previously.

Copper scrap heavy, copper armiture and copper sheet cutting all slipped by Rs 5 per kilo to each to Rs 444, Rs 433 and Rs 427.

Copper utensils scrap moved down by Rs 4 per kilo to Rs 406, zinc by Rs 3 per kilo to Rs 131, lead by Rs 2 per kilo to Rs 116 and brass sheet cutting softened by a rupee per kilo to Rs 313.