Lead futures weaken on subdued demand, overseas trend

Firm rupee also weighs on prices

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.

image
Business Standard
177 22
Business Standard

Lead futures weaken on subdued demand, overseas trend

Firm rupee also weighs on prices

Press Trust of India  |  New Delhi 



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.

RECOMMENDED FOR YOU

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, 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.

image
Business Standard
177 22

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

More News

  • Federal Reserve, Janet Yellen US Fed keeps markets guessing
  • Commodity picks- 29 August 2016 Commodity picks- 29 August 2016

STOCK WATCH

Company Price() Chg(%)
Sh.Renuka Sugar 17.00 6.25
Delta Corp 153.70 5.85
Trident 58.90 5.18
J Kumar Infra 170.25 5.00
Balkrishna Inds 818.00 4.68
> More on BSE Gainers
Company Price() Chg(%)
Sh.Renuka Sugar 17.05 6.90
Delta Corp 153.65 5.53
J Kumar Infra 172.05 4.97
Balkrishna Inds 819.00 4.41
Trident 58.85 4.25
> More on NSE Gainers
Company Price() Chg(%)
GVK Power Infra. 6.31 -3.66
Orient Cement 178.00 -3.44
Kitex Garments 478.70 -3.20
Blue Dart Exp. 4984.00 -3.17
Piramal Enterp. 1795.75 -2.99
> More on BSE Gainers
Company Price() Chg(%)
Ratnamani Metals 547.85 -7.67
GVK Power Infra. 6.25 -4.58
Future Lifestyle 131.45 -4.50
Global Offshore 130.00 -4.48
Ess Dee Alumin. 60.00 -4.46
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard