Lead rises on bullish demand outlook
25/11/2014 16:23
Lead prices rose by 0.71 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 November 2014 contract, is trading at Rs 127.85 per kg, up by 0.71 per cent, after opening at Rs 127.10, against a previous close of Rs 126.95. It touched an intra-day high of Rs 127.95 till the trading. (At 4.18 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 950metric tonnes to 217925 metric tonnes as on November 25, 2014.
25/11/2014 16:23
Lead prices rose by 0.71 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 November 2014 contract, is trading at Rs 127.85 per kg, up by 0.71 per cent, after opening at Rs 127.10, against a previous close of Rs 126.95. It touched an intra-day high of Rs 127.95 till the trading. (At 4.18 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 950metric tonnes to 217925 metric tonnes as on November 25, 2014.
