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Lead slips 0.94% on weak industrial demand

By Religare
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Lead prices fell by 0.94 per cent on Tuesday at the domestic markets as a result of weak demand from battery-makers and other consuming industries at the domestic spot market as well as a weak trend at the global market. At the MCX, Lead futures, for the September 2015 contract, is trading at Rs 110.50 per kg, down by 0.94 per cent, after opening at Rs 111.20, against a previous close of Rs 111.55. It touched an intra-day low of Rs 110.30 till the trading. (At 3.31 PM today).

 

However, losses were limited 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 325 metric tonnes to 165125 metric tonnes as on September 22, 2015.

Story first published: Tuesday, September 22, 2015, 23:00 [IST]
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