Base Metals
D A I L Y B U Z Z
LEAD
Lead prices rose by 0.88 per cent on Wednesday at the domestic markets as a result of high demand for the commodity from battery-maker in the spot market in the midst of low overseas trend. At the MCX, Lead futures, for the November 2014 contract, is trading at Rs 124.70 per kg, up by 0.88 per cent, after opening at Rs 125.15, against a previous close of Rs 124.70. It touched an intra-day high of Rs 125.90 till the trading. (At 3.37 PM today).
However, gains were curbed due to the surge in the lead stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME lead stocks rose by 425 metric tonnes to 217125 metric tonnes as on November 19, 2014.
ZINC
Zinc prices rose by 0.04 per cent on Wednesday at the domestic markets due to the decline in the zinc stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME zinc stocks fell by 2225 metric tonnes to 680575 metric tonnes as on November 19, 2014. Zinc futures for November 2014 contract, at MCX, were trading at Rs 138.70 per kg, up by 0.04 per cent after opening at Rs. 138.75 against the previous closing price of Rs. 138.65. It touched the intra-day high of Rs. 139 till the trading. (At 4.10 PM)
Agro Outlook
D A I L Y B U Z Z
CORIANDER
Coriander prices rose by 2.27 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the limited stocks on account of restricted arrivals from the major growing belts. At the NCDEX, coriander futures for November 2014 contract was trading at Rs. 12,275 per quintal, up by 2.27 per cent after opening at Rs. 12,079 against the previous closing price of Rs. 12,003. It touched the intra-day high of Rs. 12,275 till the trading. (At 11.40 AM).
