Nickel, tin decline on lower demand
Nickel dropped by Rs 5 per kg to Rs 990 from Monday's closing level of Rs 995
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Nickel and tin prices fell in an otherwise dull non-ferrous metal market here today due to stockist selling amidst lower demand from alloy industries.
The industrial metal was trading flat at the LME, mired near two-week lows as worries about calm economic growth in top metals consumer China crimped expectations of demand.
Nickel dropped by Rs 5 per kg to Rs 990 from Monday's closing level of Rs 995.
Tin eased by Rs 3 per kg to Rs 1,537 from Rs 1,540.
Copper scrap heavy and copper wire bar softened by Re 1 per kg each to Rs 505 and Rs 541, respectively.
The industrial metal was trading flat at the LME, mired near two-week lows as worries about calm economic growth in top metals consumer China crimped expectations of demand.
Nickel dropped by Rs 5 per kg to Rs 990 from Monday's closing level of Rs 995.
Tin eased by Rs 3 per kg to Rs 1,537 from Rs 1,540.
Copper scrap heavy and copper wire bar softened by Re 1 per kg each to Rs 505 and Rs 541, respectively.
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First Published: Jan 07 2014 | 4:25 PM IST