Lead futures dip on subdued demand

Lead futures dip on subdued demand

14/09/2017 17:01

Lead futures were trading lower during the evening trade in the domestic market on Thursday as participants reduced their exposure amid subdued demand from consuming industries in the spot market.

Marketmen said the weakness in lead futures was due to a sluggish demand from battery-makers at the domestic markets.

At the MCX, lead futures for September 2017 contract is trading at Rs 144.45 per kg, down by 1.06 per cent, after opening at Rs 146.40, against a previous close of Rs 146. It touched the intra-day low of Rs 144.20. (at 17:02 hours).

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