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Tin, lead recover on renewed demand

On global front, industrial metal copper was trading steady at the LME in early trade, but was near last month's six-year trough as concerns about weak demand from China hammered mining equities and eroded support for metals.

September 29, 2015 / 05:13 PM IST

Tin and lead prices recovered at the non-ferrous metal market here today on stockist buying amid renewed demand from alloy industries.

While nickel, copper and brass prices dropped further due to stockist selling amidst subdued offtake from industrial users.

On global front, industrial metal copper was trading steady at the LME in early trade, but was near last month's six-year trough as concerns about weak demand from China hammered mining equities and eroded support for metals.


Tin climbed by Rs 5 per kg to Rs 1,155 from Monday's closing level of Rs 1,150. Lead moved up by Rs 3 per kg to Rs 123 from Rs 120. However, Nickel dipped by Rs 10 per kg to Rs 810 from Rs 820.


Copper armiture and copper sheet cutting dropped by Rs 5 per kg each to Rs 394 and Rs 390 as against Rs 399 and Rs 395 yesterday. Copper armiture and copper wire bar declined by Rs 4 per kg each to Rs 407 and Rs 435 from Rs 411 and Rs 439. Copper scrap heavy and copper utensils scrap fell by Rs 3 per kg each to Rs 402 and Rs 373 from Rs 405 and Rs 376.

Zinc moved down by Rs 2 per kg to Rs 148 from Rs 150. Brass utensils scrap and brass sheet cutting softened by a Re per kg each to Rs 298 and Rs 306, respectively.

first published: Sep 29, 2015 05:13 pm

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