Lead dips on demand concerns
22/01/2015 15:46
Lead prices fell by 0.73 per cent on Thursday 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 January 2015 contract, is trading at Rs 116.35 per kg, down by 0.73 per cent, after opening at Rs 116.85, against a previous close of Rs 117.20. It touched an intra-day low of Rs 115.90 till the trading. (At 3.30 PM today).
However, losses were limited 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 75 metric tonnes to 215525 metric tonnes as on Jan 13, 2015
22/01/2015 15:46
Lead prices fell by 0.73 per cent on Thursday 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 January 2015 contract, is trading at Rs 116.35 per kg, down by 0.73 per cent, after opening at Rs 116.85, against a previous close of Rs 117.20. It touched an intra-day low of Rs 115.90 till the trading. (At 3.30 PM today).
However, losses were limited 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 75 metric tonnes to 215525 metric tonnes as on Jan 13, 2015
