Base Metals & Energy
D A I L Y B U Z Z
LEAD
Lead futures prices today rose by 0.20 per cent, to Rs 123.60 per kg after speculators enlarged positions amid rising spot demand.
However, metal's weakness at the London Metal Exchange (LME) also, limited the gains. At the Multi Commodity Exchange, lead for delivery in April traded 25 paise, or 0.20 per cent, higher at Rs 123.60 per kg, with a turnover of 681 lots.
The metal for delivery in May also rose by 10 paise, or 0.08 per cent, to trade at Rs 124.65 per kg, in a business turnover of 19 lots.
NICKEL
Nickel prices moved up by 0.28 per cent to Rs 986.80 per kg in futures market today as speculators enlarged their positions, tracking a firming trend in spot market on increased demand from alloy-makers even as metal weakened overseas.
At the Multi Commodity Exchange, nickel for delivery in April gained Rs 2.80, or 0.28 per cent, to Rs 986.80 per kg in business turnover of 1,616 lots. Similarly, the metal for delivery in May rose by Rs 2.70, or 0.27 per cent, to Rs 993.30 per kg in 58 lots.
D A I L Y B U Z Z
LEAD
Lead futures prices today rose by 0.20 per cent, to Rs 123.60 per kg after speculators enlarged positions amid rising spot demand.
However, metal's weakness at the London Metal Exchange (LME) also, limited the gains. At the Multi Commodity Exchange, lead for delivery in April traded 25 paise, or 0.20 per cent, higher at Rs 123.60 per kg, with a turnover of 681 lots.
The metal for delivery in May also rose by 10 paise, or 0.08 per cent, to trade at Rs 124.65 per kg, in a business turnover of 19 lots.
NICKEL
Nickel prices moved up by 0.28 per cent to Rs 986.80 per kg in futures market today as speculators enlarged their positions, tracking a firming trend in spot market on increased demand from alloy-makers even as metal weakened overseas.
At the Multi Commodity Exchange, nickel for delivery in April gained Rs 2.80, or 0.28 per cent, to Rs 986.80 per kg in business turnover of 1,616 lots. Similarly, the metal for delivery in May rose by Rs 2.70, or 0.27 per cent, to Rs 993.30 per kg in 58 lots.
