Monday, January 4, 2016

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Lead drops 1.52% on weak industrial Demand



Lead prices fell by 1.52 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 December 2015 contract, is trading at Rs 116.75 per kg, down by 1.52 per cent, after opening at Rs 117.45, against a previous close of Rs 118.55. It touched an intra-day low of Rs 115.85 till the trading. (At 3.30 PM today).
 
The London Metal Exchange (LME) lead stocks remained unchanged at 191650 metric tonnes as on January 4, 2016.

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