Uptick In Physical Demand Buoys Lead Futures


 
Lead futures were trading higher during morning trade in the domestic market on Monday as investors and speculators extended their positions in the industrial metal on uptick in physical demand for lead, from battery-makers, in the domestic spot market.

Further, a rise 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 144.85 per kg, up by 0.10 per cent, after opening at Rs 144.60, against a previous close of Rs 144.70. It touched the intra-day high of Rs 145.10 . 
 
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Suhani Verma

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