Lead dips by 0.16% on demand woes
20/10/2014 15:18
Lead prices fell by 0.16 per cent on Monday 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 October 2014 contract, is trading at Rs 124 per kg, down by 0.16 per cent, after opening at Rs 123.95, against a previous close of Rs 124.20. It touched an intra-day low of Rs 123.75 till the trading. (At 3.20 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 350 metric tonnes to 224700 metric tonnes as on October 20, 2014.
20/10/2014 15:18
Lead prices fell by 0.16 per cent on Monday 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 October 2014 contract, is trading at Rs 124 per kg, down by 0.16 per cent, after opening at Rs 123.95, against a previous close of Rs 124.20. It touched an intra-day low of Rs 123.75 till the trading. (At 3.20 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 350 metric tonnes to 224700 metric tonnes as on October 20, 2014.
