Lead falls on weak industrial demand
23/09/2014 15:45
Lead prices fell by 0.16 per cent on Tuesday at the domestic markets as a result of weak demand for the commodity from battery-maker in the spot market in the midst of low overseas trend. At the MCX, Lead futures, for the September 2014 contract, is trading at Rs 126.20 per kg, down by 0.16 per cent, after opening at Rs 126.40, against a previous close of Rs 126.40. It touched an intra-day low of Rs 125.95 till the trading. (At 3.35 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 25 metric tonnes to 225250 metric tonnes as on September 23, 2014
23/09/2014 15:45
Lead prices fell by 0.16 per cent on Tuesday at the domestic markets as a result of weak demand for the commodity from battery-maker in the spot market in the midst of low overseas trend. At the MCX, Lead futures, for the September 2014 contract, is trading at Rs 126.20 per kg, down by 0.16 per cent, after opening at Rs 126.40, against a previous close of Rs 126.40. It touched an intra-day low of Rs 125.95 till the trading. (At 3.35 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 25 metric tonnes to 225250 metric tonnes as on September 23, 2014
