Declining stockpiles lift lead future
23/12/2014 16:45
Lead prices rose by 0.47 per cent on Tuesday at the domestic markets 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 declined by 25 metric tonnes to 220725 metric tonnes as on December 23, 2014. At the MCX, Lead futures, for the December 2014 contract, is trading at Rs 118.60 per kg, up by 0.47 per cent, after opening at Rs 118.20, against a previous close of Rs 118.05. It touched an intra-day high of Rs 119.00 till the trading. (At 4.52 PM today).
23/12/2014 16:45
Lead prices rose by 0.47 per cent on Tuesday at the domestic markets 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 declined by 25 metric tonnes to 220725 metric tonnes as on December 23, 2014. At the MCX, Lead futures, for the December 2014 contract, is trading at Rs 118.60 per kg, up by 0.47 per cent, after opening at Rs 118.20, against a previous close of Rs 118.05. It touched an intra-day high of Rs 119.00 till the trading. (At 4.52 PM today).
