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Nickel, Tin rebound on renewed demand

Press Trust of India  |  Mumbai 

Nickel, tin and aluminium prices recouped at the non-ferrous metal market here today on stockists' buying amid renewed demand from alloy industries.

While, select copper and brass prices slipped due to subdued offtake from consumer industries.

Tin climbed by Rs 15 per kg to Rs 1,465 from Wednesday's closing level of Rs 1,450.

rose by Rs 5 per kg to Rs 685 from Rs 680.

Aluminium ingots and aluminium utensils inched up a Re per kg each to Rs 151 and Rs 119, respectively.

However, copper cables scrap, copper scrap heavy and copper wire bar fell by Rs 3 per kg each to Rs 394, Rs 390 and Rs 422 as against Rs 397, Rs 393 and Rs 425.

Brass utensils scrap moved down by Rs 2 per kg to Rs 308 against Rs 310 previously.

Copper armiture softened by a Re per kg to Rs 385.

Brass sheet cutting moved down by Rs 2 per kg to Rs 318 as against Rs 320.

However, Copper cables scrap and copper wire bar edged up by a Re per kg each to Rs 397 and Rs 425, respectively.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 18 2017. 16:32 IST