Lead futures slips on weak demand

Posted By: Religare
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Lead prices fall at the MCX amid a decline in the trend in base metals on account of the fall in the demand from consuming industries. Lead futures for December 2011 contract, at MCX, was trading at Rs. 110.70 per kg, down by 0.58% after opening at Rs. 111 against the previous closing price of Rs. 111.35. It touched the intra-day low of Rs. 110.50 till the trading. (At 10.48 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.

Read more about: mcx, futures, lead
Story first published: Monday, December 12, 2011, 13:30 [IST]
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