Lead Tips - Lead prices fell by 0.27 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 January 2016 contract, is trading at Rs 110.45 per kg, down by 0.27 per cent, after opening at Rs 110.15, against a previous close of Rs 110.75. It touched an intra-day low of Rs 110.10 till the trading. (At 3.30 PM today). 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 825 metric tonnes to 187900 metric tonnes as on January 25, 2016.
0 comments:
Post a Comment