Falling demand drags down Lead futures
30/12/2014 16:08
Lead prices fell by 0.17 per cent on Tuesday 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 115.20 per kg, down by 0.17 per cent, after opening at Rs 115.30, against a previous close of Rs 115.40. It touched an intra-day low of Rs 114.70 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 222000 metric tonnes as on December 30, 2014
30/12/2014 16:08
Lead prices fell by 0.17 per cent on Tuesday 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 115.20 per kg, down by 0.17 per cent, after opening at Rs 115.30, against a previous close of Rs 115.40. It touched an intra-day low of Rs 114.70 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 222000 metric tonnes as on December 30, 2014
