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Lead slumps on demand from consuming industries

By Religare
|

Lead prices fell by 0.09 per cent on Thursday at the domestic markets as a result of low demand from battery-makers and other consuming industries at the domestic spot market as well as a weak trend at the overseas market. At the MCX, Lead futures, for the August 2015 contract, is trading at Rs 109.35 per kg, down by 0.09 per cent, after opening at Rs 109.65, against a previous close of Rs 109.45. It touched an intra-day low of Rs 109.25 till the trading. (At 3.40 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 2300 metric tonnes to 212800 metric tonnes as on August 6, 2015.

Story first published: Thursday, August 6, 2015, 23:00 [IST]
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