Lead gains on upbeat demand prospects
27/01/2015 15:48
Lead prices rose by 1.96 per cent on Tuesday at the domestic markets as a result of high demand for the commodity from battery-maker in the spot market in the midst of strong overseas trend.
At the MCX, Lead futures, for the January 2015 contract, is trading at Rs 114.45 per kg, up by 1.96 per cent, after opening at Rs 113.25, against a previous close of Rs 112.25. It touched an intra-day low of Rs 114.60 till the trading. (At 3.30 PM today).
However, gains were limited due to the surge in the lead stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME lead stocks rose by 25 metric tonnes to 215075 metric tonnes as on Jan 27, 2015.
27/01/2015 15:48
Lead prices rose by 1.96 per cent on Tuesday at the domestic markets as a result of high demand for the commodity from battery-maker in the spot market in the midst of strong overseas trend.
At the MCX, Lead futures, for the January 2015 contract, is trading at Rs 114.45 per kg, up by 1.96 per cent, after opening at Rs 113.25, against a previous close of Rs 112.25. It touched an intra-day low of Rs 114.60 till the trading. (At 3.30 PM today).
However, gains were limited due to the surge in the lead stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME lead stocks rose by 25 metric tonnes to 215075 metric tonnes as on Jan 27, 2015.
