Lead gains on upbeat demand outlook
19/11/2014 15:43
Lead prices rose by 0.88 per cent on Wednesday at the domestic markets as a result of high demand for the commodity from battery-maker in the spot market in the midst of low overseas trend. At the MCX, Lead futures, for the November 2014 contract, is trading at Rs 124.70 per kg, up by 0.88 per cent, after opening at Rs 125.15, against a previous close of Rs 124.70. It touched an intra-day high of Rs 125.90 till the trading. (At 3.37 PM today).
However, gains were curbed 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 425 metric tonnes to 217125 metric tonnes as on November 19, 2014
19/11/2014 15:43
Lead prices rose by 0.88 per cent on Wednesday at the domestic markets as a result of high demand for the commodity from battery-maker in the spot market in the midst of low overseas trend. At the MCX, Lead futures, for the November 2014 contract, is trading at Rs 124.70 per kg, up by 0.88 per cent, after opening at Rs 125.15, against a previous close of Rs 124.70. It touched an intra-day high of Rs 125.90 till the trading. (At 3.37 PM today).
However, gains were curbed 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 425 metric tonnes to 217125 metric tonnes as on November 19, 2014
