Weak industrial demand drags down Lead
futures
17/12/2014 16:02
Lead prices fell by 2.05 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 119.55 per kg, down by 2.05 per cent, after opening at Rs 122, against a previous close of Rs 122.05. It touched an intra-day low of Rs 119.25 till the trading. (At 3.51 PM today).
The London Metal Exchange (LME) lead stocks remained unchanged at 219825 metric tonnes as on December 12, 2014.
17/12/2014 16:02
Lead prices fell by 2.05 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 119.55 per kg, down by 2.05 per cent, after opening at Rs 122, against a previous close of Rs 122.05. It touched an intra-day low of Rs 119.25 till the trading. (At 3.51 PM today).
The London Metal Exchange (LME) lead stocks remained unchanged at 219825 metric tonnes as on December 12, 2014.
