Uptick In Demand Lifts Lead Futures By 0.57%

Lead futures were trading higher during morning trade in the domestic market on Wednesday as investors and speculators widened 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 March 2017 contract is trading at Rs 149.85 per kg, up by 0.57 per cent, after opening at Rs 148.90, against a previous close of Rs 149. It touched the intra-day high of Rs 150.

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Suhani Verma

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