Business Standard

Lead down on subdued demand, weak overseas cues

Weak global trend mainly pulled the metal down

Related News

prices traded marginally lower by 0.14% to Rs 108.45 per kg in futures trade today owing to subdued demand in the spot market.

At the MCX, Lead for delivery in June month shed 15 paise, or 0.14%, to Rs 108.45 per kg in business turnover of 874 lots.

The May contract traded lower by 5 paise, or 0.05%, to Rs 107.85 per kg in 1,584 lots.

Globally, lead traded 0.10% lower at $1,923 per tonne.

Market analysts said subdued domestic demand and weakness in metal at the London Metal Exchange (LME) mainly put pressure on lead prices at futures trade.

Read more on:   
|
|
|
|
|

Lead down on subdued demand, weak overseas cues

Weak global trend mainly pulled the metal down

Lead prices traded marginally lower by 0.14% to Rs 108.45 per kg in futures trade today owing to subdued demand in the spot market.

Lead prices traded marginally lower by 0.14% to Rs 108.45 per kg in futures trade today owing to subdued demand in the spot market.

At the MCX, Lead for delivery in June month shed 15 paise, or 0.14%, to Rs 108.45 per kg in business turnover of 874 lots.

The May contract traded lower by 5 paise, or 0.05%, to Rs 107.85 per kg in 1,584 lots.

Globally, lead traded 0.10% lower at $1,923 per tonne.

Market analysts said subdued domestic demand and weakness in metal at the London Metal Exchange (LME) mainly put pressure on lead prices at futures trade.

image

Read More

Lead futures up on global cues, spot demand

Supported by a firming trend overseas and a pick-up in spot demand, lead futures prices today traded higher by 0.67% to Rs 112.60 per kg.

Recommended for you

Advertisements

Quick Links

Market News

HCL Technologies dips post Q3 outlook

The stock dipped 3% at Rs 950 after the company said it expects cross currency fluctuations to impact its revenues by 280 bps in the third ...

Here's why analyst upgrades on RIL are not working

Most of the big brokerages have given a buy call on RIL, but investors are still skeptical about a breakout in the stock

eClerx Services surges on acquisition plan of CLX Europe

The stock surged 5% to Rs 1,670 after the company agreed to buy CLX Europe for Euro 25 million (approx. Rs 167 crore).

Oil prices fall in Asian trade

Russia and Iran's foreign ministers claimed a breakthrough in talks over Tehran's controversial nuclear programme, which affected prices

Fertiliser shares gain as government introduces uniform gas price for urea plants

Zuari Agro, FACT, RCF, GNFC and Chambal Fertilisers were up 5%-13% on the Bombay Stock Exchange.

 

Back to Top