Lead futures down on easing demand

Lead futures were trading lower during the afternoon trade in the domestic market on Friday as participants reduced their exposure amid subdued demand from consuming industries in the spot market. Marketmen said the weakness in lead futures was due to a sluggish demand from battery-makers at the domestic markets.

At the MCX, lead futures for September 2017 contract is trading at Rs 146.80 per kg, down by 1.54 per cent, after opening at Rs 148.95, against a previous close of Rs 149.10. It touched the intra-day low of Rs 146.60.

 

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Crude palm oil, Cardamom prices tank while Mentha oil soars

Agri commodities namely crude palm oil and mentha oil prices in futures trading witnessed a dip during Tuesday’s trade.

Crude palm oil prices shed 0.13% to Rs 526.30 per 10 kg in futures trade as traders reduced exposure due to lower demand in the spot market against adequate stock positions. At the MCX, crude palm oil for delivery in October drifted down by 70 paise or 0.13% to Rs 526.30 per 10 kg in business turnover of 9 lots.

Cardamom prices drifted lower by 1.02% to Rs 1,200 per kg as market participants reduced their exposure amid easing demand in the spot market against adequate stocks. At the Multi Commodity Exchange, cardamom for delivery in September fell by Rs 12.40 or 1.02% to Rs 1,200 per kg in business turnover of 15 lots.

Analysts said besides profit booking by participants at existing level, fall in demand against adequate stocks position, mainly led to decline in cardamom prices at futures trade.

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Zinc futures rise on increasing demand

Zinc futures were trading higher during the afternoon trade in the domestic market on Wednesday as speculators created fresh positions on pick-up in demand from consuming industries at the spot markets.

Market analysts attributed the rise in zinc futures to fresh bets created by participants on the back of rising demand at the domestic spot market.

At the MCX, zinc futures for August 2017 contract was trading at Rs 200 per kg, up by 0.20 per cent, after opening at Rs 201.70, against a previous close of Rs 199.60. It touched the intra-day high of Rs 200.50.

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