Sluggish demand drags down lead futures by 0.35%

Sluggish demand drags down lead futures by 0.35%

07/12/2016 10:54

Lead futures fell during morning trade in the domestic market on Wednesday as investors and speculators exited their positions 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 December 2016 contract is trading at Rs 158.35 per kg, down by 0.35 per cent, after opening at Rs 158.25, against a previous close of Rs 158.90. It touched the intra-day low of Rs 158.05 (at 10:54 hours).

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