Lead drops on rising stockpiles
02/12/2014 16:20
Lead prices fell by 1.52 per cent on Tuesday at the domestic markets due to the surge in the lead stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME lead stocks rose by 11275 metric tonnes to 228825 metric tonnes as on December 2, 2014. At the MCX, Lead futures, for the November 2014 contract, is trading at Rs 126.10 per kg, down by 1.52 per cent, after opening at Rs 127.70, against a previous close of Rs 128.05. It touched an intra-day low of Rs 125.95 till the trading. (At 4.12 PM today).
Sentiment weakened further as a result of low demand for the commodity from battery-maker in the spot market in the midst of weak overseas trend.
02/12/2014 16:20
Lead prices fell by 1.52 per cent on Tuesday at the domestic markets due to the surge in the lead stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME lead stocks rose by 11275 metric tonnes to 228825 metric tonnes as on December 2, 2014. At the MCX, Lead futures, for the November 2014 contract, is trading at Rs 126.10 per kg, down by 1.52 per cent, after opening at Rs 127.70, against a previous close of Rs 128.05. It touched an intra-day low of Rs 125.95 till the trading. (At 4.12 PM today).
Sentiment weakened further as a result of low demand for the commodity from battery-maker in the spot market in the midst of weak overseas trend.
