Lead prices fell by 0.72 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 111.50 per kg, down by 0.72 per cent, after opening at Rs 110.80, against a previous close of Rs 110.70. It touched an intra-day low of Rs 110.50 till the trading. (At 3.30 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 277 metric tonnes to 504573 metric tonnes as on August 20, 2015.