Lead gains on diminishing stockpiles
12/11/2014 16:11
Lead prices rose by 0.28 per cent on Wednesday 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 1225 metric tonnes to 216375 metric tonnes as on November 12, 2014.
At the MCX, Lead futures, for the November 2014 contract, is trading at Rs 126.15 per kg, up by 0.28 per cent, after opening at Rs 125.55, against a previous close of Rs 125.80. It touched an intra-day high of Rs 126.40 till the trading. (At 3.30 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 low overseas trend.
12/11/2014 16:11
Lead prices rose by 0.28 per cent on Wednesday 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 1225 metric tonnes to 216375 metric tonnes as on November 12, 2014.
At the MCX, Lead futures, for the November 2014 contract, is trading at Rs 126.15 per kg, up by 0.28 per cent, after opening at Rs 125.55, against a previous close of Rs 125.80. It touched an intra-day high of Rs 126.40 till the trading. (At 3.30 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 low overseas trend.
