Lead dips on lack of demand
28/11/2014 15:54
Lead prices fell by 1.06 per cent on Friday 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 November 2014 contract, is trading at Rs 125.60 per kg, down by 1.06 per cent, after opening at Rs 126.95, against a previous close of Rs 126.95. It touched an intra-day low of Rs 125.25 till the trading. (At 3.40 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 125 metric tonnes to 217775 metric tonnes as on November 28, 2014
28/11/2014 15:54
Lead prices fell by 1.06 per cent on Friday 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 November 2014 contract, is trading at Rs 125.60 per kg, down by 1.06 per cent, after opening at Rs 126.95, against a previous close of Rs 126.95. It touched an intra-day low of Rs 125.25 till the trading. (At 3.40 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 125 metric tonnes to 217775 metric tonnes as on November 28, 2014
