Lead Futures Plunge 0.32% On Diminishing Demand

Lead futures were trading lower during morning trade in the domestic market on Wednesday as investors and speculators trimmed their bets in the industrial metal on sluggish physical demand for lead, from battery-makers, in the domestic spot market.

Further, a fall 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 139.25 per kg, down by 0.32 per cent, after opening at Rs 139.60, against a previous close of Rs. 139.70. It touched the intra-day low of Rs 139.15.
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Suhani Verma

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