Home / MCX Metals / MCX Lead prices down nearly 1% on subdued spot demand

MCX Lead prices down nearly 1% on subdued spot demand

Today, MCX Base metals are trading now very sluggish.  Lead prices weakened by nearly 1% to 133 rupees per kg in futures trading today as speculators lowered their positions in the subdued spot market demand.

At MCX, lead for December delivery was trading lower by Rs 1.20 , or 0.85%, to Rs 133 per kg in turnover of 501 lots.

Similarly, the metal for delivery in January lost 10 paise, or 0.07% to 135.55 rupees per kg in 90 lots.

Market observers said speculators lowered their positions because of reduced demand for battery manufacturers on the spot market mainly led to fall in lead prices at futures trading.

MCX Copper is flatter and looks around Rs 458. Aluminum with a sharp drop of 0.77 percent is trading at Rs 109. Nickel gained 0.8 percent and zinc have declined by 0.85 percent on future trading market.

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About Narmada Ji

Myself Technical Analyst and Owner Investment Growth Services (100mcxtips.com). 100McxTips is a Market Leader MCX Commodity Advisory, which has a strong hold in offering trusted MCX Tips and accurate as well as Commodity Market Tips. For more mcx, commodity market news by 100McxTips, follow us on Twitter @100mcxtips and on Facebook at facebook.com/100mcxtips.

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