Diminishing Demand Drags Down Lead Futures By 0.74%

Lead futures were trading lower during morning trade in the domestic market on Friday as investors and speculators cut down their bets in the industrial metal on sluggish physical demand for lead, from battery-makers, in the domestic spot market. Further, a decline in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade.

At the MCX, lead futures for June 2017 contract is trading at Rs 140.45 per kg, down by 0.74 per cent, after opening at Rs 140.60, against a previous close of Rs 141.50. It touched the intra-day low of Rs 140.40.

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Suhani Verma

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