Lead gains on dip in stockpiles
30/04/2015 15:40
Lead prices surged 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 4325 metric tonnes to 174775 metric tonnes as on April 30, 2015. At the MCX, Lead futures, for the April 2015 contract, is trading at Rs 134.20 per kg, up by 0.41 per cent, after opening at Rs 133.30, against a previous close of Rs 133.65. It touched an intra-day high of Rs 134.85 till the trading. (At 3.30 PM today)
Prices also rose as a result of high demand for the commodity from battery-maker in the spot market in the midst of strong overseas trend.
30/04/2015 15:40
Lead prices surged 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 4325 metric tonnes to 174775 metric tonnes as on April 30, 2015. At the MCX, Lead futures, for the April 2015 contract, is trading at Rs 134.20 per kg, up by 0.41 per cent, after opening at Rs 133.30, against a previous close of Rs 133.65. It touched an intra-day high of Rs 134.85 till the trading. (At 3.30 PM today)
Prices also rose as a result of high demand for the commodity from battery-maker in the spot market in the midst of strong overseas trend.
