LEAD
Lead prices fell by 0.70
per cent on Friday at the domestic markets due to the surge in the
lead
stockpiles at the London Metal Exchange (LME) on account of the
weak demand for the
commodity.LME lead stocks rose by 16100 metric
tonnes to 228525 metric tonnes as on March
13, 2015.
At the MCX,
Lead
futures, for the March 2015 contract, is trading at Rs 113.40 per kg,
down by 0.70 per cent,
after opening at Rs 114.25, against a
previous close of Rs 114.20. It touched an intra-day low of
Rs
113.15 till the trading.
CRUDE OIL
Crude oil prices rose by
0.37 per cent on Friday at the domestic markets following the
re-
opening of the Houston Shipping Channel for oil imports. The
channel closed after a vessel
collision between a tanker and a
Liberian bulk carrier earlier this week prompted a refinery rate
cut. Elsewhere in Houston, progress in negotiations between a union
representing refinery
workers and the Shell Oil Company provided
encouraging signs that the two sides could end a
40-day work
stoppage. At the MCX, crude oil futures for March 2015 contract were
trading at
Rs. 2,971 per barrel, up by 0.37 per cent, after opening
at Rs. 2,964 against the previous closing
price of Rs. 2,982. It
touched the intra-day high of Rs. 2,974 till the trading.
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