Lead rises by 0.51% on increasing demand
13/10/2014 15:55
Lead prices rose by 0.51 per cent on Monday 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 October 2014 contract, is trading at Rs 127.15 per kg, up by 0.51 per cent, after opening at Rs 126.80, against a previous close of Rs 126.50. It touched an intra-day high of Rs 127.70 till the trading. (At 3.55 PM today).
However, gains were limited 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 700 metric tonnes to 225650 metric tonnes as on October 13, 2014.
13/10/2014 15:55
Lead prices rose by 0.51 per cent on Monday 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 October 2014 contract, is trading at Rs 127.15 per kg, up by 0.51 per cent, after opening at Rs 126.80, against a previous close of Rs 126.50. It touched an intra-day high of Rs 127.70 till the trading. (At 3.55 PM today).
However, gains were limited 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 700 metric tonnes to 225650 metric tonnes as on October 13, 2014.
