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As On 24-Jan-2018
SENSEX
36,299.44
159.46 (0.44%)
NIFTY
11,083.70
0.00 (0.00%)
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  • Commodities Buzz: Lead Gallops 7.1% in December 2017 on Y-o-Y Basis

    Lead gains remained on a high during 2017. The prices on MCX Lead recovered by 7.1% in December 2017 on a year on year basis but gained by 0.8% on a month on month basis. Data from International Lead and Zinc Study Group (ILZSG) indicated that ILZSG indicate that world refined lead metal demand exceeded supply by 173kt during the first ten months of 2017. Over the same period total reported stock levels decreased by 40kt. Global lead mine production rose by 3.8% over the first ten months of 2017 compared to the same period in 2016. This was mainly due to increases in China, India and Kazakhstan that more than balanced reductions in Australia and the United States.

    A rise in world refined lead metal output, also of 3.8%, was primarily influenced by higher production in Canada, China and India. Apparent demand of refined lead metal increased by 3.6% in Europe, 5.1% in the United States and 11.3% in China. Overall global usage was up by 6.1%. China's imports of lead contained in lead concentrates decreased by 6% to total 577kt. In contrast, Chinese net imports of refined lead metal increased to 79kt compared to net exports of 12kt during the same period of 2016.

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Flash News 24-Jan-2018
  •  ( 08:23) Indiabulls Housing Fin Q3 cons PAT up 55.4% at Rs 1167.73 Cr  
  •  ( 08:22) Wipro secures a multi-year contract from Denmark firm  
  •  ( 08:21) ONGC to raise Rs 18060 crore loan from three banks  
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23 January 2018 00:00
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