Fall in stockpiles lift Lead futures
05/03/2015 15:39
Lead prices rose by 0.58 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 375 metric tonnes to 213875 metric tonnes as on March 5, 2015. At the MCX, Lead futures, for the March 2015 contract, is trading at Rs 111.90 per kg, up by 0.58 per cent, after opening at Rs 110.90, against a previous close of Rs 111.25. It touched an intra-day high of Rs 112.05 till the trading. (At 3.31 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.
05/03/2015 15:39
Lead prices rose by 0.58 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 375 metric tonnes to 213875 metric tonnes as on March 5, 2015. At the MCX, Lead futures, for the March 2015 contract, is trading at Rs 111.90 per kg, up by 0.58 per cent, after opening at Rs 110.90, against a previous close of Rs 111.25. It touched an intra-day high of Rs 112.05 till the trading. (At 3.31 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.
