Lead rises by 0.50% on declining stockpiles
24/06/2014 15:09
Lead prices rose by 0.50 per cent on Tuesday at the domestic markets due to the decline in the lead stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME lead stocks fell by 50 metric tonnes to 192525 metric tonnes as on June 24, 2014. At the MCX, Lead futures, for the June 2014 contract, is trading at Rs 130.15 per kg, up by 0.50 per cent, after opening at Rs 129.15, against a previous close of Rs 129.50. It touched an intra-day high of Rs 130.20 till the trading. (At 3.12 PM today). Sentiment improved further as a result of high demand for the commodity from battery-maker in the spot market in the midst of strong overseas trend
24/06/2014 15:09
Lead prices rose by 0.50 per cent on Tuesday at the domestic markets due to the decline in the lead stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME lead stocks fell by 50 metric tonnes to 192525 metric tonnes as on June 24, 2014. At the MCX, Lead futures, for the June 2014 contract, is trading at Rs 130.15 per kg, up by 0.50 per cent, after opening at Rs 129.15, against a previous close of Rs 129.50. It touched an intra-day high of Rs 130.20 till the trading. (At 3.12 PM today). Sentiment improved further as a result of high demand for the commodity from battery-maker in the spot market in the midst of strong overseas trend
