Lead rises by 0.99% on strong demand 24/07/2014

Lead rises by 0.99% on strong demand
24/07/2014 15:22
Lead prices rose by 0.99 per cent on Thursday 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 July 2014 contract, is trading at Rs 132.65 per kg, up by 0.99 per cent, after opening at Rs 132, against a previous close of Rs 131.35. It touched an intra-day high of Rs 132.75 till the trading. (At 3.15 PM today). However, gains were curbed due to the surge in the lead stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME lead stocks rose by 75 metric tonnes to 213425 metric tonnes as on July 24, 2014.

Lead rises by 0.50% on declining stockpiles 24/06/2014

Lead rises by 0.50% on declining stockpiles
24/06/2014 15:09
Lead prices rose by 0.50 per cent on Tuesday 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 50 metric tonnes to 192525 metric tonnes as on June 24, 2014. At the MCX, Lead futures, for the June 2014 contract, is trading at Rs 130.15 per kg, up by 0.50 per cent, after opening at Rs 129.15, against a previous close of Rs 129.50. It touched an intra-day high of Rs 130.20 till the trading. (At 3.12 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

Lead rises on strong demand outlook 23/06/2014

Lead rises on strong demand outlook
23/06/2014 15:10
Lead prices rose by 1.65 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 June 2014 contract, is trading at Rs 129.30 per kg, up by 1.65 per cent, after opening at Rs 127.60, against a previous close of Rs 127.30. It touched an intra-day high of Rs 129.40 till the trading. (At 3.13 PM today). The London Metal Exchange (LME) lead stocks remained unchanged at 192575 metric tonnes as on June 23, 2014.