Lead dips on weak euro area data
02/01/2015 15:28
Lead prices fell by 0.76 per cent on Friday at the domestic markets after research group Markit said the euro zone’s manufacturing PMI fell to 50.6, from 50.8 in the preceding month signaling weak sentiment in the region which reduced the demand outlook for the metal. At the MCX, Lead futures, for the January 2015 contract, is trading at Rs 117.15 per kg, down by 0.76 per cent, after opening at Rs 118.10, against a previous close of Rs 118.05. It touched an intra-day low of Rs 117.10 till the trading. (At 3.15 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
02/01/2015 15:28
Lead prices fell by 0.76 per cent on Friday at the domestic markets after research group Markit said the euro zone’s manufacturing PMI fell to 50.6, from 50.8 in the preceding month signaling weak sentiment in the region which reduced the demand outlook for the metal. At the MCX, Lead futures, for the January 2015 contract, is trading at Rs 117.15 per kg, down by 0.76 per cent, after opening at Rs 118.10, against a previous close of Rs 118.05. It touched an intra-day low of Rs 117.10 till the trading. (At 3.15 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
