Low demand outlook drags down Lead futures
30/05/2014 15:19
Lead prices fell by 0.53 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 May 2014 contract, is trading at Rs 122.55 per kg, down by 0.53 per cent, after opening at Rs 122.95, against a previous close of Rs 123.20. It touched an intra-day low of Rs 122.45 till the trading. (At 3.06 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 375 metric tonnes to 190475 metric tonnes as on May 30, 2014.
30/05/2014 15:19
Lead prices fell by 0.53 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 May 2014 contract, is trading at Rs 122.55 per kg, down by 0.53 per cent, after opening at Rs 122.95, against a previous close of Rs 123.20. It touched an intra-day low of Rs 122.45 till the trading. (At 3.06 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 375 metric tonnes to 190475 metric tonnes as on May 30, 2014.
