Tin prices rebound on sustained demand

Tin prices rebounded in an otherwise limited non-ferrous metal market here today due to sustained demand from stockist amidst fresh offtake from alloy industries.

Elsewhere, all metals remained stable in the absence of any worthwhile buying.

The industrial metals rallied at the LME in early trade as bargain hunters stepped in ahead of the seasonally stronger second quarter and after China confirmed its commitment to 7.5-per cent growth.

Tin shot-up by Rs 15 per kg to Rs 1,425 from Monday's closing level of Rs 1,410.

However, copper scrap heavy softened by a rupee per kg to Rs 484 from Rs 485.