Lead gains on upbeat stockpiles data
29/10/2014 16:05
Lead prices rose by 0.36 per cent on Wednesday 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 75 metric tonnes to 224475 metric tonnes as on October 29, 2014. At the MCX, Lead futures, for the October 2014 contract, is trading at Rs 124.55 per kg, up by 0.36 per cent, after opening at Rs 124.10, against a previous close of Rs 124.10. It touched an intra-day high of Rs 124.65 till the trading. (At 3.59 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.
29/10/2014 16:05
Lead prices rose by 0.36 per cent on Wednesday 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 75 metric tonnes to 224475 metric tonnes as on October 29, 2014. At the MCX, Lead futures, for the October 2014 contract, is trading at Rs 124.55 per kg, up by 0.36 per cent, after opening at Rs 124.10, against a previous close of Rs 124.10. It touched an intra-day high of Rs 124.65 till the trading. (At 3.59 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.
