Reversing its previous day’s losses, lead prices rose by 2.01 per cent on Tuesday at the domestic markets due to the decline in the lead stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME lead stocks fell by 1325 metric tonnes to 186525 metric tonnes as on August 27, 2013. At the MCX, Lead futures, for the August 2013 contract, is trading at Rs 144.55 per kg, up by 2.01 per cent, after opening at Rs 141.95, against a previous close of Rs 141.70. It touched an intra-day high of Rs 146 till the trading. Sentiment improved further as a result of high demand for the commodity from battery-maker in the spot market in the midst of strong overseas trend.
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