Base Metal lead - Lead prices rose by 0.83 per cent on Friday 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 250 metric tonnes to 131500 metric tonnes as on December 11, 2015. At the MCX, Lead futures, for the December 2015 contract, is trading at Rs 115 per kg, up by 0.83 per cent, after opening at Rs 114.15, against a previous close of Rs 114.05. It touched an intra-day high of Rs 115.15 till the trading.
Prices also rose due to high demand from battery-makers and other consuming industries at the domestic spot market as well as a strong trend at the global market.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 250 metric tonnes to 131500 metric tonnes as on December 11, 2015. At the MCX, Lead futures, for the December 2015 contract, is trading at Rs 115 per kg, up by 0.83 per cent, after opening at Rs 114.15, against a previous close of Rs 114.05. It touched an intra-day high of Rs 115.15 till the trading.
No comments:
Post a Comment