Lead drops on lack of buying interest
27/03/2015 15:37
Lead prices fell by 1.38 per cent on Friday 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 March 2015 contract, is trading at Rs 114.20 per kg, up by 1.38 per cent, after opening at Rs 115.30, against a previous close of Rs 115.80. It touched an intra-day low of Rs 113.65 till the trading. (At 3.40 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 1000 metric tonnes to 235750 metric tonnes as on March 27, 2015.
27/03/2015 15:37
Lead prices fell by 1.38 per cent on Friday 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 March 2015 contract, is trading at Rs 114.20 per kg, up by 1.38 per cent, after opening at Rs 115.30, against a previous close of Rs 115.80. It touched an intra-day low of Rs 113.65 till the trading. (At 3.40 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 1000 metric tonnes to 235750 metric tonnes as on March 27, 2015.
