Lead rises on strong industrial demand
24/11/2014 15:25
Lead prices rose by 0.48 per cent on Monday 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 126.70 per kg, up by 0.48 per cent, after opening at Rs 126.40, against a previous close of Rs 126.10. It touched an intra-day high of Rs 126.90 till the trading. (At 3.15 PM today).
Sentiment improved further 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 50 metric tonnes to 216975 metric tonnes as on November 24, 2014.
24/11/2014 15:25
Lead prices rose by 0.48 per cent on Monday 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 126.70 per kg, up by 0.48 per cent, after opening at Rs 126.40, against a previous close of Rs 126.10. It touched an intra-day high of Rs 126.90 till the trading. (At 3.15 PM today).
Sentiment improved further 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 50 metric tonnes to 216975 metric tonnes as on November 24, 2014.
