Lead dips on lack of buying interest
17/11/2014 15:15
Lead prices fell by 0.36 per cent on Monday 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 November 2014 contract, is trading at Rs 125.55 per kg, down by 0.36 per cent, after opening at Rs 125.85, against a previous close of Rs 126. It touched an intra-day low of Rs 125.15 till the trading. (At 3.15 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 25metric tonnes to 216725 metric tonnes as on November 17, 2014.
17/11/2014 15:15
Lead prices fell by 0.36 per cent on Monday 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 November 2014 contract, is trading at Rs 125.55 per kg, down by 0.36 per cent, after opening at Rs 125.85, against a previous close of Rs 126. It touched an intra-day low of Rs 125.15 till the trading. (At 3.15 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 25metric tonnes to 216725 metric tonnes as on November 17, 2014.
