'Lead dips on waning demand prospects
02/02/2015 15:14
Lead prices fell by 1.08 per cent on Monday 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 February 2015 contract, is trading at Rs 114.30 per kg, down by 1.08 per cent, after opening at Rs 115.60, against a previous close of Rs 115.55. It touched an intra-day low of Rs 114.25 till the trading. (At 3.00 PM today).
However, losses were limited 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 150 metric tonnes to 214850 metric tonnes as on February 2, 2015.
02/02/2015 15:14
Lead prices fell by 1.08 per cent on Monday 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 February 2015 contract, is trading at Rs 114.30 per kg, down by 1.08 per cent, after opening at Rs 115.60, against a previous close of Rs 115.55. It touched an intra-day low of Rs 114.25 till the trading. (At 3.00 PM today).
However, losses were limited 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 150 metric tonnes to 214850 metric tonnes as on February 2, 2015.
