Mcx Commodity News for Lead, Aluminium, Zinc : Morning Session - 9.11.2016

Mcx Commodity Market News : Morning Session 

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Lead futures slide 1.38% on sluggish demand
09/11/2016 10:53
Lead futures were trading lower during the morning trade in the domestic market on Wednesday as investors and speculators cut down their bets in the industrial metal amid fall in physical demand for lead, from battery-makers, in the domestic spot market. Further, a downward trend in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade. At the MCX, lead futures for November 2016 contract is trading at Rs 138.90 per kg, down by 1.38 per cent, after opening at Rs 139.70, against a previous close of Rs 140.85. It touched the intra-day low of Rs 138.35 (at 10:52 hours).

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Aluminium futures fall on muted demand
09/11/2016 10:46
Aluminium futures were trading lower during the morning trade in the domestic market on Wednesday as participants indulged in cutting down their bets in the industrial metal amidst fall in physical demand for aluminium in the domestic spot market. Further, a drop in physical demand for aluminium at the domestic spot market was due to trimming of positions by traders in the spot markets, influenced aluminium prices at futures trade. At the MCX, aluminium futures for November 2016 contract is trading at Rs 114.10 per kg, down by 0.61 per cent, after opening at Rs 114, against a previous close of Rs 114.80. It touched the intra-day low of Rs 113.50 (at 10:45 hours).

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Zinc futures fall 1.37% on subdued demand
09/11/2016 10:40
Zinc futures were trading lower during the morning trade in the domestic market on Wednesday as investors and speculators cut down their bets in the industrial metal amid muted physical demand from consuming industries at the domestic spot markets. Further, participants indulged in trimming their positions in the industrial metal due to slide in physical demand from consuming industries, influenced prices of zinc at futures trade. At the MCX, zinc futures for November 2016 contract is trading at Rs 162.40 per kg, down by 1.37 per cent, after opening at Rs 163.85, against a previous close of Rs 164.65. It touched the intra-day low of Rs 162.05 (at 10:39 hours).