Declining inventories lifts Lead futures
26/03/2015 16:04
Lead prices rose by 0.43 per cent on Thursday 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 525 metric tonnes to 236750 metric tonnes as on March 26, 2015.
At the MCX, Lead futures, for the March 2015 contract, is trading at Rs 116.90 per kg, up by 0.43 per cent, after opening at Rs 115.35, against a previous close of Rs 115.25. It touched an intra-day high of Rs 117.80 till the trading. (At 4.00 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. '
26/03/2015 16:04
Lead prices rose by 0.43 per cent on Thursday 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 525 metric tonnes to 236750 metric tonnes as on March 26, 2015.
At the MCX, Lead futures, for the March 2015 contract, is trading at Rs 116.90 per kg, up by 0.43 per cent, after opening at Rs 115.35, against a previous close of Rs 115.25. It touched an intra-day high of Rs 117.80 till the trading. (At 4.00 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. '
