Lead gains on strong demand outlook
19/01/2015 15:26
Lead prices rose by 0.79 per cent on Monday at the domestic markets as a result of high demand for the commodity from battery-maker in the spot market in the midst of strong overseas trend. At the MCX, Lead futures, for the January 2015 contract, is trading at Rs 114.70 per kg, up by 0.79 per cent, after opening at Rs 113.50, against a previous close of Rs 113.80. It touched an intra-day high of Rs 115 till the trading. (At 3.30 PM today).
Sentiment improved further 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 100 metric tonnes to 215725 metric tonnes as on Jan 19, 2015.
19/01/2015 15:26
Lead prices rose by 0.79 per cent on Monday at the domestic markets as a result of high demand for the commodity from battery-maker in the spot market in the midst of strong overseas trend. At the MCX, Lead futures, for the January 2015 contract, is trading at Rs 114.70 per kg, up by 0.79 per cent, after opening at Rs 113.50, against a previous close of Rs 113.80. It touched an intra-day high of Rs 115 till the trading. (At 3.30 PM today).
Sentiment improved further 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 100 metric tonnes to 215725 metric tonnes as on Jan 19, 2015.
