Lead prices slip due to decline in demand

Posted by: Religare
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Lead prices fell in the midst of a decline in the trend in base metals on account of the fall in the demand from consuming industries. Lead futures for January 2012 contract, at MCX, were trading at Rs. 109.20 per kg, down by 0.55% after opening at Rs. 109.45 against the previous closing price of Rs. 109.80. It touched the intra-day low of Rs. 109.20 till the trading. (At 10.51 AM today).

Major refined lead producing countries are China, USA and Europe, while major refined lead consuming countries are China, USA and India.

The world's reserve base of lead is estimated at 170 MT. Australia leads with 35% of the world reserve base of lead, followed by China (21%), USA (11%) and Kazakhstan (4%).

Major refined lead exporting countries are Australia, Germany and Canada, while major refined lead importing countries are USA, United Kingdom and India.

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