Base Metals & Energy
D A I L Y B U Z Z
LEAD
Taking weak cues from the global market and sluggish domestic demand, lead fell by 0.38 per cent to Rs 129.65 per kg in futures trade today as speculators trimmed positions.
At the Multi Commodity exchange, lead for delivery in July down by 50 paise, or 0.38 per cent, to Rs 129.65 per kg in business turnover of 595 lots.
Metal prices for delivery in August also fell by a similar margin to Rs 130.90 per kg in 7 lots.
NICKEL
Nickel prices moved down by 0.62 per cent to Rs 1,180.80 per kg in futures trade today as participants reduced their exposures, tracking a weak trend overseas and sluggish demand from alloy-makers in the spot market.
At the Multi Commodity Exchange, nickel for delivery in August month declined by Rs 7.40, or 0.62 per cent, to Rs 1,180.80 per kg in a turnover of 42 lots.
Similarly, the metal for delivery in July traded lower by Rs 8.60, or 0.56 per cent, to Rs 1,175.20 per kg in 1,517 lots.
