Mcx Commodity News for Lead, Aluminum, Zinc : Morning Session - 24.10.2016

Mcx Commodity Market News : Morning Session 

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Lead futures rise 0.11% as demand picks up
24/10/2016 10:39
Lead futures were trading higher during the morning trade in the domestic market on Monday as investors and speculators widened their bets in the industrial metal led by pick up in physical demand for lead, from battery-makers, in the domestic spot market.
Further, an upsurge 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 133.50 per kg, up by 0.11 per cent, after opening at Rs 133.60, against a previous close of Rs 133.35. It touched the intra-day high of Rs 133.70 (at 10:38 hours).

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Aluminium futures up on spot demand
24/10/2016 10:34
Aluminium futures were little changed during the morning trade in the domestic market on Monday as investors and speculators started building up of fresh positions in the industrial metal amidst uptick in physical demand for aluminium in the domestic spot market.
Further, a rise in demand for aluminium at the domestic spot market was led by widening of positions by investors in the spot markets, supported aluminium prices at futures trade.
At the MCX, aluminium futures for October 2016 contract is trading at Rs 108.70 per kg, up by 0.05 per cent, after opening at Rs 108.85, against a previous close of Rs 108.65. It touched the intra-day high of Rs 109 (at 10:32 hours).

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Zinc futures little changed on rise in demand
24/10/2016 10:28
Zinc futures were little changed during the morning trade in the domestic market on Monday as investors and speculators started building up fresh positions in the industrial metal amid an increase in demand from consuming industries at the domestic spot markets.
Further, participants indulged in widening their bets in the industrial metal led by upsurge in demand from consuming industries, supported prices of zinc at futures trade. At the MCX, zinc futures for October 2016 contract is trading at Rs 150.80 per kg, up by 0.03 per cent, after opening at Rs 150.95, against a previous close of Rs 150.75. It touched the intra-day high of Rs 151.05 (at 10:23 hours).