Lead weakens in futures trade on subdued demand
28/04/2015 16:13
Lead prices weakened by 0.60 per cent at the domestic markets as speculators trimmed positions on sluggish demand from battery makers in spot markets. 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 300192975 metric tonnes to 187875 metric tonnes as on April 28, 2015.
At the MCX, Lead futures, for the April 2015 contract, is trading at Rs 132.70 per kg, down by 0.60 per cent, after opening at Rs 132.85, against a previous close of Rs 133.50. It touched an intra-day low of Rs 132.40 till the trading. (At 4.00 PM today).
28/04/2015 16:13
Lead prices weakened by 0.60 per cent at the domestic markets as speculators trimmed positions on sluggish demand from battery makers in spot markets. 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 300192975 metric tonnes to 187875 metric tonnes as on April 28, 2015.
At the MCX, Lead futures, for the April 2015 contract, is trading at Rs 132.70 per kg, down by 0.60 per cent, after opening at Rs 132.85, against a previous close of Rs 133.50. It touched an intra-day low of Rs 132.40 till the trading. (At 4.00 PM today).
