Weak industrial demand drags down Lead futures
14/01/2015 15:41
Lead prices fell by 3.24 per cent on Wednesday 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 109.10 per kg, down by 3.24 per cent, after opening at Rs 111.55, against a previous close of Rs 112.75. It touched an intra-day low of Rs 108.10 till the trading. (At 3.27 PM today).
However, losses were curbed after Eurostat, the European statistics agency said industrial production increased by a seasonally adjusted 0.2 per cent in November, meeting forecasts which raised the demand outlook for the metal
14/01/2015 15:41
Lead prices fell by 3.24 per cent on Wednesday 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 109.10 per kg, down by 3.24 per cent, after opening at Rs 111.55, against a previous close of Rs 112.75. It touched an intra-day low of Rs 108.10 till the trading. (At 3.27 PM today).
However, losses were curbed after Eurostat, the European statistics agency said industrial production increased by a seasonally adjusted 0.2 per cent in November, meeting forecasts which raised the demand outlook for the metal
