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Lead futures rise on spot demand, overseas cues

By Religare
|

Lead futures rose 0.19 per cent to Rs 132 per kg today on rising demand in spot markets and positive global cues. Besides strong demand from battery-makers, a firm trend in copper and other base metals overseas influenced lead prices at futures trade. At the MCX, Lead futures, for the April 2015 contract, is trading at Rs 132 per kg, up by 0.19 per cent, after opening at Rs 132.20, against a previous close of Rs 131.75. It touched an intra-day high of Rs 132.20 till the trading. (At 4.00 PM today).

 

Sentiment improved further 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 4000 metric tonnes to 179100 metric tonnes as on April 29, 2015.

Story first published: Wednesday, April 29, 2015, 23:00 [IST]
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