Lead Futures Keep Head Above Water

Lead futures little changed during morning trade in the domestic market on Monday as investors and speculators indulged in building up fresh 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 April 2017 contract is trading at Rs 151.05 per kg, up by 0.03 per cent, after opening at Rs 150.10, against a previous close of Rs 151. It touched the intra-day high of Rs 151.15.

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Suhani Verma

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