mcx commodity tips
Lead prices increased by 0.04 % on Monday at the domestic markets due to the surge in the lead stockpiles at the London Metal Exchange on account of the weak demand for the commodity. LME lead stocks increased up by 250 metric tonnes to 213425 metric tonnes as on 16 February 2015. At the MCX, Lead futures, for the February 2015 contract, is trading at Rs 114.30/kg, Increase upward by 0.04 %, after opening at Rs 114.20, against a last close of Rs 114.25. It touched an intra day maximum of Rs 114.65 till the trading. Sentiment improved further as a result of big demand for the commodity from battery-maker in the spot market in the midst of strong overseas trend.
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