Lead falls by 0.08% on weak demand outlook
16/09/2014 15:55
Lead prices fell by 0.08 per cent on Tuesday at the domestic markets as a result of low demand for the commodity from battery-maker in the spot market in the midst of weak overseas trend. At the MCX, Lead futures, for the September 2014 contract, is trading at Rs 128 per kg, down by 0.08 per cent, after opening at Rs 128.50, against a previous close of Rs 128.10. It touched an intra-day low of Rs 127.30 till the trading. (At 3.56 PM today).
However, losses were curbed 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 200 metric tonnes to 200 metric tonnes as on September 16, 2014.
16/09/2014 15:55
Lead prices fell by 0.08 per cent on Tuesday at the domestic markets as a result of low demand for the commodity from battery-maker in the spot market in the midst of weak overseas trend. At the MCX, Lead futures, for the September 2014 contract, is trading at Rs 128 per kg, down by 0.08 per cent, after opening at Rs 128.50, against a previous close of Rs 128.10. It touched an intra-day low of Rs 127.30 till the trading. (At 3.56 PM today).
However, losses were curbed 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 200 metric tonnes to 200 metric tonnes as on September 16, 2014.
