Lead dips on rising stockpiles
30/03/2015 15:14
Lead prices fell by 0.22 per cent on Monday at the domestic markets due to the surge in the lead stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME lead stocks rose by 1668 metric tonnes to 236750 metric tonnes as on March 27, 2015.
At the MCX, Lead futures, for the March 2015 contract, is trading at Rs 113.95 per kg, down by 0.22 per cent, after opening at Rs 114.80, against a previous close of Rs 114.20. It touched an intra-day low of Rs 113.40 till the trading. (At 3.10 PM today)
Sentiment weakened further as a result of low demand for the commodity from battery-maker in the spot market in the midst of weak overseas trend.
30/03/2015 15:14
Lead prices fell by 0.22 per cent on Monday at the domestic markets due to the surge in the lead stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME lead stocks rose by 1668 metric tonnes to 236750 metric tonnes as on March 27, 2015.
At the MCX, Lead futures, for the March 2015 contract, is trading at Rs 113.95 per kg, down by 0.22 per cent, after opening at Rs 114.80, against a previous close of Rs 114.20. It touched an intra-day low of Rs 113.40 till the trading. (At 3.10 PM today)
Sentiment weakened further as a result of low demand for the commodity from battery-maker in the spot market in the midst of weak overseas trend.
