Strong demand outlook lift Lead futures 16/07/2014


Strong demand outlook lift Lead futures
16/07/2014 16:13
Lead prices rose by 0.04 per cent on Wednesday 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 132.20 per kg, up by 0.04 per cent, after opening at Rs 132.25, against a previous close of Rs 132.15. It touched an intra-day high of Rs 132.60 till the trading. (At 4.15 PM today). The London Metal Exchange (LME) lead stocks remained unchanged at 213375 metric tonnes as on July 16, 2014.