Lead keeps head above water

Lead keeps head above water

09/12/2016 11:15

Lead futures rose over 1 per cent during morning trade in the domestic market on Friday as investors and speculators extended their positions in the industrial metal amid rise in physical demand for lead, from battery-makers, in the domestic spot market.

Further, an upward trend in physical demand from battery-makers in the domestic spot market, supported prices of lead at futures trade.

At the MCX, lead futures for December 2016 contract is trading at Rs 155.40 per kg, up by 1.40 per cent, after opening at Rs 155.40, against a previous close of Rs 153.25. It touched the intra-day high of Rs 156.15 (at 11:17 hours).

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