Muted demand drags down lead futures by 0.61%

Muted demand drags down lead futures by 0.61%

25/01/2017 11:17

Lead futures fell during morning trade in the domestic market on Wednesday as investors and speculators trimmed their positions in the industrial metal amid subdued 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 January 2017 contract is trading at Rs 162.25 per kg, down by 0.61 per cent, after opening at Rs 162.75, against a previous close of Rs 163.25. It touched the intra-day low of Rs 162.05 (at 11:18 hours).

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