ET:Tin, nickel spike on industrial demand, global support
MUMBAI: Tin and nickel prices rebounded in a listless non-ferrous metal market here today due to pick-up in demand from alloy-makers coupled with higher stockists offtake.
Copper scrap heavy eased owing to lack of buying support from consuming industries.
Meanwhile, industrial metals were trading firm at LME following stronger-than-expected manaufacturing data from world's second largest economy China amid easing uncertainty over QE tapering.
Tin and nickel both spurted by Rs 5 per kilo to Rs 1,590 and Rs 1,020 from Thursday's closing level of Rs 1,585 and Rs 1,015, respectively.
Copper scrap heavy, however softened by Re 1 per kilo to Rs 491 as compared to Rs 492 yesterday.
