Base Metal Tips - Lead prices rose by 2.29 per cent on Thursday at the domestic markets 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 575 metric tonnes to 129175 metric tonnes as on November 26, 2014. At the MCX, Lead futures, for the November 2014 contract, is trading at Rs 109.55 per kg, up by 2.29 per cent, after opening at Rs 107.35, against a previous close of Rs 107.10. It touched an intra-day high of Rs 109.60 till the trading.
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.
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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