Sluggish demand prospects drags down Lead futures
29/01/2015 15:45
Lead prices fell by 1.09 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 113.30 per kg, down by 1.09 per cent, after opening at Rs 114.05, against a previous close of Rs 114.55. It touched an intra-day low of Rs 112.90 till the trading. (At 3.35 PM today).
However, losses were curbed 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 25 metric tonnes to 215050 metric tonnes as on January 29, 2015
29/01/2015 15:45
Lead prices fell by 1.09 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 113.30 per kg, down by 1.09 per cent, after opening at Rs 114.05, against a previous close of Rs 114.55. It touched an intra-day low of Rs 112.90 till the trading. (At 3.35 PM today).
However, losses were curbed 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 25 metric tonnes to 215050 metric tonnes as on January 29, 2015
