Lead futures drop 0.62% on ease of demand

Lead futures drop 0.62% on ease of demand

27/10/2016 10:58

Lead futures were trading lower during the morning trade in the domestic market on Thursday as investors and speculators remained on the sidelines in the industrial metal due to fall in physical demand for lead, from battery-makers, in the domestic spot market.

Further, a drop in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade. At the MCX, lead futures for October 2016 contract is trading at Rs 136.70 per kg, down by 0.62 per cent, after opening at Rs 137.25, against a previous close of Rs 137.55. It touched the intra-day low of Rs 136.70 (at 10:52 hours).

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