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Lead falls on weak demand from industries

By Religare
|

Lead prices fell by 0.72 per cent on Tuesday 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 110.40 per kg, down by 0.72 per cent, after opening at Rs 110.75, against a previous close of Rs 111.20. It touched an intra-day low of Rs 109.25 till the trading. (At 3.45PM 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 1875 metric tonnes to 190775 metric tonnes as on August 25, 2015.

Story first published: Tuesday, August 25, 2015, 23:00 [IST]
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