Wednesday, 13 November 2013

RESEARCHVIA - COMMODITY UPDATES, NCDEX TIPS FOR 13/Nov/2013

DAILY COMMODITY UPDATES
Base Metals & Energy
D A I L Y
B U Z Z

Lead prices traded lower by 0.55 per cent to Rs 135.20 per kg in futures market today as speculators reduced their positions due to sluggish demand from battery makers in the spot market.

At the Multi Commodity Exchange, lead for delivery in December declined by 75 paise, or 0.55 per cent, to Rs 135.20 per kg in business turnover of 81 lots.

Likewise, the metal for delivery in November shed 70 paise, or 0.52 per cent, to Rs 134.10 per kg in 2,527 lots.

Analysts attributed the weakness in lead futures to offloading of positions by speculators on sluggish demand from battery-maker in the spot market.

Zinc prices moved down by 0.33 per cent to Rs 119.25 per kg in futures trade today as speculators 



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