Scrap Monster
Vulcan
Vulcan
Tin January 01, 2015 07:30:20 AM

Tin and nickel spring up with increase in industrial demand

Paul Ploumis
ScrapMonster Author
The price of tin and nickel rose in a peculiar pattern of trading, as one of the non ferrous metal market, today on buying by the stockists, even during the sustained demand from the alloy industries.
Tin and nickel spring up with increase in industrial demand

LONDON (Scrap Monster): In addition, the value of copper, brass as well as that of aluminum declined down due to the  lower offtake, by the consuming industries. In the global markets of London, the trade of copper was flat in the early trade for nearly 4 and a half years low, as the investors of the company waited for the Chinese data for cues, while the market is looking forward in order to set to post its worst annual decline, in the last three years in the concerns of the world’s largest consumer.

The value of tin hiked by  .16 dollars per kilogram, and reached to 23.27 dollars, the closing level of the market, on Tuesday were reported to be 23.11 dollars. The value of nickel also gained by 0.08 dollars per kilograms, and reached to about 17 dollars, against the overnight level of 16 dollars.

The value of copper cable scrap, copper utensils scrap, and also the copper wire bar, hiked up by 0.02 dollars per kilogram, and reached at about 7.44 dollars, 6.73 dollars and also 7.88 dollars respectively.

The value of copper sheet cutting , brass utensils scrap and also aluminum ingots declined by 0.03 dollars per kilogram to 6.97 dollars, 5.34 dollars, and 2.71 dollars respectively.