Lead gains on falling inventories
12/01/2015 15:43
Lead prices rose by 0.09 per cent on Monday at the domestic markets 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 625 metric tonnes to 220150 metric tonnes as on Jan 12, 2015. At the MCX, Lead futures, for the January 2015 contract, is trading at Rs 115.65 per kg, up by 0.09 per cent, after opening at Rs 115.50, against a previous close of Rs 115.55. It touched an intra-day low of Rs 115.90 till the trading. (At 3.20 PM today).
Sentiment improved further as a result of high demand for the commodity from battery-maker in the spot market in the midst of strong overseas trend.
12/01/2015 15:43
Lead prices rose by 0.09 per cent on Monday at the domestic markets 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 625 metric tonnes to 220150 metric tonnes as on Jan 12, 2015. At the MCX, Lead futures, for the January 2015 contract, is trading at Rs 115.65 per kg, up by 0.09 per cent, after opening at Rs 115.50, against a previous close of Rs 115.55. It touched an intra-day low of Rs 115.90 till the trading. (At 3.20 PM today).
Sentiment improved further as a result of high demand for the commodity from battery-maker in the spot market in the midst of strong overseas trend.
