Lead prices declined by 0.67 per cent on Monday at the domestic markets due to the increase in the lead stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME lead stocks rose by 250 metric tonnes to 220750 metric tonnes as on December 22, 2014. At the MCX, Lead futures, for the December 2014 contract, is trading at Rs 118.45 per kg, down by 0.67 per cent, after opening at Rs 119.00, against a previous close of Rs 119.25. It touched an intra-day low of Rs 118.15 till the trading. (At 3.32 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 trendLead declines on increase in stockpiles at LME
Lead prices declined by 0.67 per cent on Monday at the domestic markets due to the increase in the lead stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME lead stocks rose by 250 metric tonnes to 220750 metric tonnes as on December 22, 2014. At the MCX, Lead futures, for the December 2014 contract, is trading at Rs 118.45 per kg, down by 0.67 per cent, after opening at Rs 119.00, against a previous close of Rs 119.25. It touched an intra-day low of Rs 118.15 till the trading. (At 3.32 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
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