Strong buying interest lifts Lead futures
30/01/2015 16:37
Lead prices rose by 0.39 per cent on Friday 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 114.55 per kg, up by 0.39 per cent, after opening at Rs 113.70, against a previous close of Rs 114.10. It touched an intra-day high of Rs 114.75 till the trading. (At 4.34 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 50 metric tonnes to 215000 metric tonnes as on January 30, 2015.
30/01/2015 16:37
Lead prices rose by 0.39 per cent on Friday 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 114.55 per kg, up by 0.39 per cent, after opening at Rs 113.70, against a previous close of Rs 114.10. It touched an intra-day high of Rs 114.75 till the trading. (At 4.34 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 50 metric tonnes to 215000 metric tonnes as on January 30, 2015.
