Lead Futures Keep Head Above Water

Lead futures were trading higher during morning trade in the domestic market on Friday as investors and speculators widened their bets 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 lead prices at futures trade. At the MCX, lead futures for May 2017 contract is trading at Rs 134.30 per kg, up by 0.19 per cent, after opening at Rs 134.40, against a previous close of Rs 134.05. It touched the intra-day high of Rs 134.50.

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Suhani Verma

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