Subdued Demand Drags Down Lead Futures By 0.33%

Lead futures were trading lower during morning trade in the domestic market on Monday as investors and speculators remained on the sidelines 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 June 2017 contract is trading at Rs 134.75 per kg, down by 0.33 per cent, after opening at Rs 135.30, against a previous close of Rs 135.20. It touched the intra-day low of Rs 134.65.

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Suhani Verma

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