Dip in stocks lifts Lead futures
08/04/2015 16:05
Lead prices rose by 0.42 per cent on Wednesday 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 7525 metric tonnes to 223850 metric tonnes as on April 8, 2015. At the MCX, Lead futures, for the April 2015 contract, is trading at Rs 119.25 per kg, up by 0.42 per cent, after opening at Rs 118.30, against a previous close of Rs 118.75. It touched an intra-day high of Rs 119.50 till the trading. (At 3.45 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.
08/04/2015 16:05
Lead prices rose by 0.42 per cent on Wednesday 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 7525 metric tonnes to 223850 metric tonnes as on April 8, 2015. At the MCX, Lead futures, for the April 2015 contract, is trading at Rs 119.25 per kg, up by 0.42 per cent, after opening at Rs 118.30, against a previous close of Rs 118.75. It touched an intra-day high of Rs 119.50 till the trading. (At 3.45 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.
