BASE METAL TIPS | Lead prices fell by 0.27 per cent on Tuesday
at the domestic markets low demand from battery-makers and other
consuming industries at the domestic spot market as well as a weak trend
at the global market. At the MCX, Lead futures, for the December 2015
contract, is trading at Rs 109.55 per kg, down by 0.27 per cent, after
opening at Rs 110.50, against a previous close of Rs 109.85. It touched
an intra-day low of Rs 109.35 till the trading. (At 3.45 PM today).
However, losses were limited due to the decline in the lead stockpiles
at the London Metal Exchange (LME) on account of the strong demand for
the commodity. LME lead stocks fell by 75 metric tonnes to 128250 metric
tonnes as on December 1, 2015.
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