Lead Futures Surge 0.17% As Physical Demand Ticks Up

Lead futures were trading higher during morning trade in the domestic market on Friday as investors and speculators extended their positions in the industrial metal as physical demand ticks up 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 148.80 per kg, up by 0.17 per cent, after opening at Rs 148.55, against a previous close of Rs 148.55. It touched the intra-day high of Rs 149 .

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Suhani Verma

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