Base metal Lead - Lead prices rose by 0.40 per cent on Wednesday at the domestic markets 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 MCX, Lead futures, for the December 2015 contract, is trading at Rs 114.25 per kg, up by 0.40 per cent, after opening at Rs 113.50, against a previous close of Rs 113.80. It touched an intra-day high of Rs 114.50 till the trading.
However, gains were limited due to the surge in the lead stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME lead stocks rose by 4350 metric tonnes to 131850 metric tonnes as on December 9, 2015.
However, gains were limited due to the surge in the lead stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME lead stocks rose by 4350 metric tonnes to 131850 metric tonnes as on December 9, 2015.
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