Commodity Updates - Lead prices fell by 1.72 per cent on Monday 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 November 2014 contract, is trading at Rs 103.15 per kg, down by 1.72 per cent, after opening at Rs 104.10, against a previous close of Rs 104.95. It touched an intra-day low of Rs 102.50 till the trading.
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 1575 metric tonnes to 131425 metric tonnes as on November 23, 2014.
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 1575 metric tonnes to 131425 metric tonnes as on November 23, 2014.
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