Surge in stockpiles drag down Lead futures
11/09/2014 15:41
Lead prices fell by 0.81 per cent on Thursday 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 500 metric tonnes to 225425 metric tonnes as on September 11, 2014. At the MCX, Lead futures, for the September 2014 contract, is trading at Rs 128.10 per kg, down by 0.81 per cent, after opening at Rs 129.05, against a previous close of Rs 129.15. It touched an intra-day low of Rs 127.90 till the trading. (At 3.40 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
11/09/2014 15:41
Lead prices fell by 0.81 per cent on Thursday 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 500 metric tonnes to 225425 metric tonnes as on September 11, 2014. At the MCX, Lead futures, for the September 2014 contract, is trading at Rs 128.10 per kg, down by 0.81 per cent, after opening at Rs 129.05, against a previous close of Rs 129.15. It touched an intra-day low of Rs 127.90 till the trading. (At 3.40 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
