Lead gains on declining inventories
27/11/2014 16:35
Lead prices rose by 0.04 per cent on Thursday at the domestic markets 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 25 metric tonnes to 217900 metric tonnes as on November 27, 2014.
At the MCX, Lead futures, for the November 2014 contract, is trading at Rs 127.45 per kg, up by 0.04 per cent, after opening at Rs 127.45, against a previous close of Rs 127.40. It touched an intra-day high of Rs 127.55 till the trading. (At 4.15 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.
27/11/2014 16:35
Lead prices rose by 0.04 per cent on Thursday at the domestic markets 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 25 metric tonnes to 217900 metric tonnes as on November 27, 2014.
At the MCX, Lead futures, for the November 2014 contract, is trading at Rs 127.45 per kg, up by 0.04 per cent, after opening at Rs 127.45, against a previous close of Rs 127.40. It touched an intra-day high of Rs 127.55 till the trading. (At 4.15 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.
