Mcx Commodity News for Lead, Aluminium : Evening Session - 10.10.2016

Mcx Commodity Market News : Evening Session - 10.102016

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Lead futures gain on upsurge in demand
10/10/2016 13:13
Lead futures were trading higher during the afternoon trade in the domestic market on Monday as participants widened their positions in the industrial metal due to pick up in physical demand for lead, from battery-makers, in the domestic spot market.
Further, a rise in demand from battery-makers in the domestic spot market, supported prices of lead at futures trade. At the MCX, lead futures for October 2016 contract is trading at Rs 139.80 per kg, up by 0.90 per cent, after opening at Rs 138.90, against a previous close of Rs 138.55. It touched the intra-day high of Rs 140.45 (at 13:13 hours).

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Spot demand lifts aluminium futures by 0.22%
10/10/2016 13:09
Aluminium futures were trading higher during the afternoon trade in the domestic market on Monday as participants widened their positions in the industrial metal amidst increased physical demand for aluminium in the domestic spot market.
Further, an upsurge in demand for aluminium at the domestic spot market was led by building up of positions by participants in the spot markets, supported aluminium prices at futures trade.
At the MCX, aluminium futures for October 2016 contract is trading at Rs 111.60 per kg, up by 0.22 per cent, after opening at Rs 111.70, against a previous close of Rs 111.35. It touched the intra-day high of Rs 111.80 (at 13:04 hours).