Demand woes drags down Lead futures
31/12/2014 16:29
Lead prices fell by 0.97 per cent on Wednesday at the domestic markets as a result of low demand for the commodity from battery-maker in the spot market in the midst of weak overseas trend. At the MCX, Lead futures, for the December 2014 contract, is trading at Rs 117.15 per kg, down by 0.97 per cent, after opening at Rs 117.90, against a previous close of Rs 118.30. It touched an intra-day low of Rs 116.90 till the trading. (At 3.45 PM today).
However, losses were curbed 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 25 metric tonnes to 221975 metric tonnes as on December 31, 2014
31/12/2014 16:29
Lead prices fell by 0.97 per cent on Wednesday at the domestic markets as a result of low demand for the commodity from battery-maker in the spot market in the midst of weak overseas trend. At the MCX, Lead futures, for the December 2014 contract, is trading at Rs 117.15 per kg, down by 0.97 per cent, after opening at Rs 117.90, against a previous close of Rs 118.30. It touched an intra-day low of Rs 116.90 till the trading. (At 3.45 PM today).
However, losses were curbed 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 25 metric tonnes to 221975 metric tonnes as on December 31, 2014
