Lead Futures Rise 0.20% As Demand Ticks Up

Lead futures were trading higher during morning trade in the domestic market on Thursday 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 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 June 2017 contract is trading at Rs 148 per kg, up by 0.20 per cent, after opening at Rs 147.90, against a previous close of Rs 147.70. It touched the intra-day high of Rs 148.10.

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Suhani Verma

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