Tin, nickel ease on poor offtake

Tin and nickel eased further at the non-ferrous metal market here today following stockists' selling amid poor offtake from alloy industries.

Elsewhere, copper scrap heavy and copper utensils also softened owing to weak demand from industrial users.

Copper cable scrap, copper billets and lead gained due to good demand from industrial users.

Tin and nickel weakened by Rs 5 per kg each to Rs 1,340 and Rs 810 from Thursday's close of Rs 1,345 and Rs 815.

Copper scrap heavy edged down by Rs 2 per kg to Rs 425 as against Rs 427 yesterday and copper utensils inched down to Rs 377.

However, lead rose by Rs 5 per kg to Rs 167 as against Rs 162 yesterday.

Copper cable scrap and copper billets inched up to Rs 438 and Rs 466 respectively.

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