Moreover, a down trend
in physical demand from battery-makers in the domestic spot market, influenced
prices of lead at futures trade.
Wednesday, December 7, 2016
Base Metal: lead futures down by 0.35%
Tuesday, December 6, 2016
Base Metal: lead futures down by 0.67% in moring
Lead futures drop
during morning trade in the domestic market on Tuesday as investors &
speculators exited their positions in the industrial metal amid drop in
physical demand for lead, from battery-makers, in the domestic spot market.
Moreover, a
down trend in physical demand from battery-makers in the domestic spot market,
influenced prices of lead at futures trade.
At the MCX, for
December 2016 contract lead futures is trading at Rs 156.40 per kg, down by
0.67 per cent, after opening at Rs 156.85, against a last close of Rs
157.45. It touched the intra-day lower of Rs 156.05.
Read More - Lead Updates
Monday, December 5, 2016
Demonetisation shock : Oil demand growth in India will slowdown
Oil demand growth in the
world's rapidly-growing crude market may weaken as the government's cash
crackdown slows the economy.
Diesel and gasoline use, which account for more than half of India's oil demand, will slow or contract this month and perhaps early next year, as per reports. Expansion in the world's fastest-growing major economy is universally expected to ease temporarily after Prime Minister Modi last month withdrew high-value currency notes in a country where almost all consumer payments are in cash.
Diesel and gasoline use, which account for more than half of India's oil demand, will slow or contract this month and perhaps early next year, as per reports. Expansion in the world's fastest-growing major economy is universally expected to ease temporarily after Prime Minister Modi last month withdrew high-value currency notes in a country where almost all consumer payments are in cash.
Diesel consumption could drop as much as 12 % and gasoline demand as
much as 7 % his month, according to reports.
Friday, December 2, 2016
Lead futures down by 1.66% on subdued demand
Lead futures drop
during morning trade in the domestic market on Friday as investors &
speculators exited their positions in the industrial metal amid drop in
physical demand for lead, from battery-makers, in the domestic spot market.
At the MCX, for
December 2016 contract lead futures is trading at Rs 157.15 per kg, downward by
1.66 %, after opening at Rs 157.95, against a last close of Rs 159.80. It
touched the intra-day lower of Rs 156.80.
Read More - Lead updates
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