Commodity Tips | Lead prices rose by 0.57 per cent on Tuesday at the domestic markets due to the decline in the lead stockpiles at the London Metal Exchange (LME) on account of the strong need for the commodity. LME lead stocks fell by 1050 metric tonnes to 130375 metric tonnes as on November 24, 2015. At the MCX, Lead futures, for the November 2015 contract, is trading at Rs 105.30 per kg, up by 0.57 per cent, after opening at Rs 104.50, against a previous close of Rs 104.70. It touched an Intraday high of Rs 105.70 till the trading. (At 3.45 PM today).
Further, high demand from battery-makers and other consuming industries at the Asian spot market as well as a strong trend at the global market supported the demand for the commodity.
Further, high demand from battery-makers and other consuming industries at the Asian spot market as well as a strong trend at the global market supported the demand for the commodity.
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