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Tin, nickel decline on subdued demand

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Press Trust of India Mumbai
Tin, nickel and brass sheet cutting declined at the non-ferrous metal market here today on stockists' selling amid subdued demand from alloy industries.

While, copper cables scrap, copper scrap heavy, copper wire bar and copper sheet cutting rebounded modestly on better offtake from consumer industries.

Tin and Nickel fell by Rs 5 per kg each to Rs 1,140 and Rs 710 from Monday's closing level of Rs 1,145 and Rs 715.

Brass sheet cutting moved down by Rs 2 per kg to Rs 280 as against Rs 282 yesterday.

However, copper sheet cutting gained by Rs 2 per kg Rs Rs 367 from Rs 365.
 

Copper cable scrap, copper scrap heavy and copper wire bar edged up by a Re per kg each to Rs 380, Rs 376 and Rs 409, respectively.

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First Published: Jan 05 2016 | 5:02 PM IST

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