Increase in stockpiles drags lead future
24/12/2014 16:30
Lead future declined at the domestic commodity market on Wednesday by 0.26 percent on back of surge in stockpiles at London Metal Exchange (LME) on account of the weak demand for the commodity. LME lead stocks rose by 300 metric tonnes to 221025 metric tonnes as on December 24, 2014.
At the MCX, Lead futures, for the December 2014 contract, is trading at Rs 117.30 per kg, down by 0.26 per cent, after opening at Rs 117.70, against a previous close of Rs 117.60. It touched an intra-day low of Rs 117.20 till the trading. (At 4.30 PM today).
Sentiment improved further as a result of high demand for the commodity from battery-maker in the spot market in the midst of strong overseas trend
24/12/2014 16:30
Lead future declined at the domestic commodity market on Wednesday by 0.26 percent on back of surge in stockpiles at London Metal Exchange (LME) on account of the weak demand for the commodity. LME lead stocks rose by 300 metric tonnes to 221025 metric tonnes as on December 24, 2014.
At the MCX, Lead futures, for the December 2014 contract, is trading at Rs 117.30 per kg, down by 0.26 per cent, after opening at Rs 117.70, against a previous close of Rs 117.60. It touched an intra-day low of Rs 117.20 till the trading. (At 4.30 PM today).
Sentiment improved further as a result of high demand for the commodity from battery-maker in the spot market in the midst of strong overseas trend
