Diminishing Demand Drags Down Lead Futures By 1.29%

Lead futures fell over 1 per cent during morning trade in the domestic market on Thursday as investors and speculators cut down their bets in the industrial metal on diminishing physical demand for lead, from battery-makers, in the domestic spot market.

Further, a slide in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade.

At the MCX, lead futures for April 2017 contract is trading at Rs 138 per kg, down by 1.29 per cent, after opening at Rs 138.45, against a previous close of Rs 139.80. It touched the intra-day low of Rs 137.95.
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Suhani Verma

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