Lead drops on sluggish industrial demand
23/04/2015 15:50
Lead prices fell by 1.01 per cent on Thursday 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 April 2015 contract, is trading at Rs 127.65 per kg, down by 1.01 per cent, after opening at Rs 128.25, against a previous close of Rs 128.95. It touched an intra-day low of Rs 127.55 till the trading. (At 3.30 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 4500 metric tonnes to 187875 metric tonnes as on April 23, 2015.
23/04/2015 15:50
Lead prices fell by 1.01 per cent on Thursday 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 April 2015 contract, is trading at Rs 127.65 per kg, down by 1.01 per cent, after opening at Rs 128.25, against a previous close of Rs 128.95. It touched an intra-day low of Rs 127.55 till the trading. (At 3.30 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 4500 metric tonnes to 187875 metric tonnes as on April 23, 2015.
