Strong overseas trend lifts Lead futures
07/10/2014 15:39
Lead prices rose by 0.85 per cent on Tuesday 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 129.85 per kg, up by 0.23 per cent, after opening at Rs 129.55, against a previous close of Rs 129.55. It touched an intra-day high of Rs 130.45 till the trading. (At 3.36 PM today). However, gains were curbed after the World Bank cut China’s economic growth forecast for this year and the next, dimming the demand outlook for lead in the world’s biggest metals consumer.
07/10/2014 15:39
Lead prices rose by 0.85 per cent on Tuesday 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 129.85 per kg, up by 0.23 per cent, after opening at Rs 129.55, against a previous close of Rs 129.55. It touched an intra-day high of Rs 130.45 till the trading. (At 3.36 PM today). However, gains were curbed after the World Bank cut China’s economic growth forecast for this year and the next, dimming the demand outlook for lead in the world’s biggest metals consumer.
