Lead Futures Keep Head Above Water

Lead futures were trading higher during morning trade in the domestic market on Thursday as investors and speculators widened their bets 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 markets, supported lead prices at futures trade. At the MCX, lead futures for March 2017 contract is trading at Rs 147.90 per kg, up by 0.37 per cent, after opening at Rs 147.70, against a previous close of Rs 147.35. It touched the intra-day high of Rs 148.30.

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Suhani Verma

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