Lead rises by 0.99% on strong demand
24/07/2014 15:22
Lead prices rose by 0.99 per cent on Thursday at the domestic markets as a result of high demand for the commodity from battery-maker in the spot market in the midst of strong overseas trend. At the MCX, Lead futures, for the July 2014 contract, is trading at Rs 132.65 per kg, up by 0.99 per cent, after opening at Rs 132, against a previous close of Rs 131.35. It touched an intra-day high of Rs 132.75 till the trading. (At 3.15 PM today). However, gains were curbed due to the surge in the lead stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME lead stocks rose by 75 metric tonnes to 213425 metric tonnes as on July 24, 2014.
24/07/2014 15:22
Lead prices rose by 0.99 per cent on Thursday at the domestic markets as a result of high demand for the commodity from battery-maker in the spot market in the midst of strong overseas trend. At the MCX, Lead futures, for the July 2014 contract, is trading at Rs 132.65 per kg, up by 0.99 per cent, after opening at Rs 132, against a previous close of Rs 131.35. It touched an intra-day high of Rs 132.75 till the trading. (At 3.15 PM today). However, gains were curbed due to the surge in the lead stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME lead stocks rose by 75 metric tonnes to 213425 metric tonnes as on July 24, 2014.
