Lead prices moved up by 0.27 per cent to Rs 112.60 per kg in futures trading today as speculators expanded Area, driven by rising demand from battery-maker in the spot market amid firm global trend.At the MCX, Lead upcoming, for the July 2015 contract, is trading at Rs 112.60 per kg, up by 0.27 per cent, after opening at Rs 112.60, against a previous close of Rs 112.30. It touched an intra-day huge of Rs 112.75 till the trading. (At 3.15 PM today).Sentiment improved further 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 1050 metric tonnes to 173975 metric tonnes as on 1/07/15.Wednesday 1 July 2015
Lead Upcoming Advantage on Industrial Demand
Lead prices moved up by 0.27 per cent to Rs 112.60 per kg in futures trading today as speculators expanded Area, driven by rising demand from battery-maker in the spot market amid firm global trend.At the MCX, Lead upcoming, for the July 2015 contract, is trading at Rs 112.60 per kg, up by 0.27 per cent, after opening at Rs 112.60, against a previous close of Rs 112.30. It touched an intra-day huge of Rs 112.75 till the trading. (At 3.15 PM today).Sentiment improved further 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 1050 metric tonnes to 173975 metric tonnes as on 1/07/15.
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