Lead Futures Keep Head Above Water

Lead futures were trading higher during morning trade in the domestic market on Thursday as investors and speculators extended their positions in the industrial metal on surge 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 145.70 per kg, up by 0.17 per cent, after opening at Rs 145.70, against a previous close of Rs 145.45. It touched the intra-day high of Rs 145.90.

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Suhani Verma

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