Nickel and tin gain on upbeat demand

Tin and nickel gained at the non- ferrous metal market here today on stockists' buying amidst good demand from alloy industries.

Elsewhere, copper and brass also firmed up owing to sustained demand from industrial users.

While, zinc softened due to sluggish demand from alloy industries.

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Nickel rose by Rs 10 per kg to Rs 845 from Wednesday's close Rs 835 and tin moved up by Rs 5 per kg to Rs 1,350 as against Rs 1,345 yesterday.

Copper cable scrap, copper scrap heavy, copper armiture, copper billets, copper sheet cuttings, brass utensils scrap, brass sheet cuttings edged up by Rs 2 per kg each to Rs 451, Rs 442, Rs 435, Rs 479, Rs 432, Rs 332 and Rs 345 as compared yesterday's close Rs 449, Rs 440, Rs 433, Rs 477, Rs 430, Rs 330 and Rs 343 respectively.

However, zinc inched down per kg to Rs 240.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)