D A I L Y B U Z Z
LEAD
Lead prices fell by 0.26 per cent to Rs 132.55 per kg in futures trading today as speculators reduced positions due to decline in demand from battery-makers in the spot market.
At the Multi Commodity exchange, lead for delivery in August contracts traded lower by 35 paise, or 0.26 per cent to Rs 132.55 per kg in business turnover of one lot.
Likewise, the metal for delivery in July contracts shed 30 paise, or 0.23 per cent to Rs 131.40 per kg in 176 lots.
CRUDE OIL
Crude oil prices rose by 0.56 per cent to Rs 6,256 per barrel today after participants indulged in creating speculative positions, tracking a firming trend in Asia.
At the Multi Commodity Exchange, crude oil for delivery in July traded Rs 35, or 0.56 per cent higher at Rs 6,256 per barrel, with a business turnover of 1,128 lots.
The oil for August also moved up by Rs 25, or 0.40 per cent, to Rs 6,205 per barrel, with a business volume of 154 lots.
CARDAMOM
Amid profit-booking by speculators at current levels, cardamom prices eased by 0.34 per cent to Rs 912.50 per kg in futures trade today.
Further, slackened demand in the spot markets influenced cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in far-month September fell by Rs 3.10, or 0.34 per cent, to Rs 912.50 per kg in business turnover of 48 lots.
Likewise, the spice for delivery in August contracts traded lower by Rs 1.20, or 0.13 per cent, to Rs 938.30 per kg in 254 lots.
Market analysts said besides profit-booking by speculators at existing levels, fall in demand in the spot market against adequate stocks position mainly led to the fall in cardamom prices at futures trade.
