Sluggish demand drags down Lead futures
04/02/2015 15:48
Lead prices fell by 0.48 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 February 2015 contract, is trading at Rs 113.85 per kg, down by 0.48 per cent, after opening at Rs 114.30, against a previous close of Rs 114.40. It touched an intra-day low of Rs 113.65 till the trading. (At 3.15 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 214300 metric tonnes as on February 4, 2015
04/02/2015 15:48
Lead prices fell by 0.48 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 February 2015 contract, is trading at Rs 113.85 per kg, down by 0.48 per cent, after opening at Rs 114.30, against a previous close of Rs 114.40. It touched an intra-day low of Rs 113.65 till the trading. (At 3.15 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 214300 metric tonnes as on February 4, 2015
