Nickel, tin rise on global cues

Posted By: Pti
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Mumbai, Jan 27 (PTI) Nickel and tin prices rose at thenon-ferrous metal market here today due to hectic stockistsand industrial buying amid bullish trend at the London MetalExchange (LME).

Meanwhile, copper and brass utensils scrap eased onpoor industrial offtake.

Nickel prices spurted by Rs 20 per kg to Rs 1,290 fromTuesday''s closing level of Rs 1,270 and tin firmed up by Rs 5per kg to Rs 1,445 as against Rs 1,440 in the previoussession.

Brass sheet cutting moved up by Rs 2 per kg to Rs 312.

However, copper utensils scrap fell by Rs 3 per kg to Rs403 and copper scrap heavy edged down by Rs 2 per kg to Rs 441as compared to Rs 406 and Rs 443, respectively.

Copper cable scrap, copper armiture, copper wire bar,coppper sheet cutting and brass utensils scrap all softenedby Re 1 per kg each to Rs 450, Rs 431, Rs 478, Rs 424and Rs 302, respectively.

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