Lead drops on weak overseas trend
05/01/2015 14:09
Lead prices fell by 0.50 per cent on Monday 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 118.30 per kg, down by 0.50 per cent, after opening at Rs 119, against a previous close of Rs 118.90. It touched an intra-day low of Rs 118.15 till the trading. (At 2.10 PM today).
Sentiment weakened further after Markit Economics said that French manufacturing PMI fell to a seasonally adjusted 47.5, from 47.9 in the preceding month signaling weak manufacturing activity in the region which reduced the demand outlook for the metal.
05/01/2015 14:09
Lead prices fell by 0.50 per cent on Monday 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 118.30 per kg, down by 0.50 per cent, after opening at Rs 119, against a previous close of Rs 118.90. It touched an intra-day low of Rs 118.15 till the trading. (At 2.10 PM today).
Sentiment weakened further after Markit Economics said that French manufacturing PMI fell to a seasonally adjusted 47.5, from 47.9 in the preceding month signaling weak manufacturing activity in the region which reduced the demand outlook for the metal.
