Lead Futures Rise 0.37% As Demand Picks Up

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

Further, a surge in physical demand from battery-makers in the domestic spot market, supported prices of lead at futures trade.

At the MCX, lead futures for May 2017 contract is trading at Rs 136.80 per kg, up by 0.37 per cent, after opening at Rs 136.95, against a previous close of Rs 136.30. It touched the intra-day high of Rs 137.

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Suhani Verma

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