Lead Futures Slip 0.89% On Ease In Demand

Lead futures were trading lower during morning trade in the domestic market on Thursday as investors and speculators trimmed their bets in the industrial metal on subdued 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 May 2017 contract is trading at Rs 134.25 per kg, down by 0.89 per cent, after opening at Rs 134.40, against a previous close of Rs 135.45. It touched the intra-day low of Rs 133.90.

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Suhani Verma

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