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, 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

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

Nifty above 8,400; rate-sensitves gain on rate cut hopes

At 11:37, the Sensex was trading higher by 295 points at 27,802 mark and the Nifty gained 92 points at 8,411

BPCL hits new high, HPCL nears record high as Q4 profits beat estimates

HPCL surged 6% to Rs 674, while BPCL hit a new high of Rs 852 on the NSE in intra-day trade.

Mentha oil down by 0.7% on subdued spot demand

Participants trimmed positions, tracking sluggish demand in the spot market

Chana gains by 0.3% on rising demand

Lower output estimates also fueled the uptrend

Crude palm oil slip by 0.2% on profit booking

Speculators booked profits at prevailing high levels coupled with fall in spot demand

 

Back to Top