Business Standard

Lead futures weaken on subdued demand, overseas trend

Firm rupee also weighs on prices

Related News

Amid a weak trend overseas and sluggish domestic demand, prices fell 0.26% to Rs 114.20 per kg in the market today.

At the MCX, lead for delivery in June traded lower by 30 paise, or 0.26%, to Rs 114.20 per kg in business turnover of seven lots.

The may contract also down by 25 paise, or 0.22% to Rs 113.80 per kg in a turnover of 308 lots.

Market analysts said besides a weakening trend at the London Metal Exchange, subdued demand from battery- makers in the domestic spot market, also weighed down on lead futures prices here.

the three-month lead contract traded 1% lower at $2,160 per tonne in early trade today.

Read more on:   
|
|
|
|
|

Lead futures weaken on subdued demand, overseas trend

Firm rupee also weighs on prices

Amid a weak trend overseas and sluggish domestic demand, lead prices fell 0.26% to Rs 114.20 per kg in the futures market today.

Amid a weak trend overseas and sluggish domestic demand, lead prices fell 0.26% to Rs 114.20 per kg in the futures market today.

At the MCX, lead for delivery in June traded lower by 30 paise, or 0.26%, to Rs 114.20 per kg in business turnover of seven lots.

The may contract also down by 25 paise, or 0.22% to Rs 113.80 per kg in a turnover of 308 lots.

Market analysts said besides a weakening trend at the London Metal Exchange, subdued demand from battery- makers in the domestic spot market, also weighed down on lead futures prices here.

the three-month lead contract traded 1% lower at $2,160 per tonne in early trade today.

image

Read More

Lead down on subdued demand, weak overseas cues

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.

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