In this article, let us explore the uses of lead and take a close look at lead market prices.
Before checking out lead prices today, let’s take a look at its uses. Lead is a heavy metal, denser than most common materials. It is soft and malleable. Also, it has multiple mechanical properties such as high density, relative inertness, a low melting point, and ductility.
Due to these useful properties, lead finds wide usage in industrial activities. Lead is avidly used in technical equipment and continues to be used in the making of bullets. In the construction industry, lead finds widespread use as a roofing material. Another common application for lead metal is in lead-acid batteries, in the form of lead sulphate and lead dioxide.
Overview of Prices
Now that we’ve covered the multiple uses of the lead metal let’s take a close look at lead market prices. Lead futures witnessed a drop of 15 paise, reaching Rs. 156 per kg due to a slump in the physical market demand. Similarly, the delivery price of lead contracts for November dropped by five paise marking a 0.03% decline to reach Rs. 157 per kg.
As per research, a decline in the demand for lead from battery-makers in the spot market or cash market, in which financial commodities are traded for immediate delivery. This can be attributed to the fall in lead prices in India in the futures trade market.