Reducing inventories lifts Lead futures
03/02/2015 16:09
Lead prices rose by 1.01 per cent on Tuesday at the domestic markets 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 500 metric tonnes to 214350 metric tonnes as on January 30, 2015. At the MCX, Lead futures, for the February 2015 contract, is trading at Rs 115.20 per kg, up by 1.01 per cent, after opening at Rs 114.30, against a previous close of Rs 114.05. It touched an intra-day high of Rs 115.70 till the trading. (At 4.05 PM today).
Sentiment improved further as a result of high demand for the commodity from battery-maker in the spot market in the midst of strong overseas trend.
03/02/2015 16:09
Lead prices rose by 1.01 per cent on Tuesday at the domestic markets 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 500 metric tonnes to 214350 metric tonnes as on January 30, 2015. At the MCX, Lead futures, for the February 2015 contract, is trading at Rs 115.20 per kg, up by 1.01 per cent, after opening at Rs 114.30, against a previous close of Rs 114.05. It touched an intra-day high of Rs 115.70 till the trading. (At 4.05 PM today).
Sentiment improved further as a result of high demand for the commodity from battery-maker in the spot market in the midst of strong overseas trend.
