Lead surges on dip in inventories
13/04/2015 15:14
Lead prices rose by 0.72 per cent on Monday 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 2725 metric tonnes to 218850 metric tonnes as on April 13, 2015.
At the MCX, Lead futures, for the April 2015 contract, is trading at Rs 125.40 per kg, up by 0.72 per cent, after opening at Rs 124, against a previous close of Rs 124.50. It touched an intra-day high of Rs 125.55 till the trading. (At 3.15 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.
13/04/2015 15:14
Lead prices rose by 0.72 per cent on Monday 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 2725 metric tonnes to 218850 metric tonnes as on April 13, 2015.
At the MCX, Lead futures, for the April 2015 contract, is trading at Rs 125.40 per kg, up by 0.72 per cent, after opening at Rs 124, against a previous close of Rs 124.50. It touched an intra-day high of Rs 125.55 till the trading. (At 3.15 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.
