Lead falls by 0.80% on rising stockpiles
06/06/2014 15:02
Lead prices fell by 0.80 per cent on Friday at the domestic markets 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 1000 metric tonnes to 191375 metric tonnes as on June 6, 2014. At the MCX, Lead futures, for the June 2014 contract, is trading at Rs 123 per kg, down by 0.80 per cent, after opening at Rs 123.80, against a previous close of Rs 124. It touched an intra-day low of Rs 122.65 till the trading. (At 3.10 PM today). Sentiment weakened further as a result of low demand for the commodity from battery-maker in the spot market in the midst of weak overseas trend.
06/06/2014 15:02
Lead prices fell by 0.80 per cent on Friday at the domestic markets 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 1000 metric tonnes to 191375 metric tonnes as on June 6, 2014. At the MCX, Lead futures, for the June 2014 contract, is trading at Rs 123 per kg, down by 0.80 per cent, after opening at Rs 123.80, against a previous close of Rs 124. It touched an intra-day low of Rs 122.65 till the trading. (At 3.10 PM today). Sentiment weakened further as a result of low demand for the commodity from battery-maker in the spot market in the midst of weak overseas trend.
