News Details

( As on 16/12/2010 00:00)

Lead futures marginally down on reduced offtake

The prices of lead for the January contract traded lower by 90 paise, or 0.81 per cent to Rs 110.60 per kg, with a business turnover of four lots at the Multi Commodity Exchange (MCX) as a result of the restricted offtake by the car battery makers.

The lead for the December contract also fell by 85 paise, or 0.78 per cent to Rs 108.75, with a business turnover of 23 lots at the MCX.

Lead is a main-group element with symbol Pb and atomic number 82. Lead is a soft, malleable poor metal. It is also counted as one of the heavy metals.

Metallic lead has a bluish-white color after being freshly cut, but it soon tarnishes to a dull grayish color when exposed to air. Lead has a shiny chrome-silver luster when it is melted into a liquid.