Subdued Demand Drags Down Lead Futures By 0.38%

Lead futures were trading lower during morning trade in the domestic market on Tuesday as investors and speculators trimmed their positions in the industrial metal on diminishing physical demand for lead, from battery-makers, in the domestic spot market.

Further, a plunge 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 143.75 per kg, down by 0.38 per cent, after opening at Rs 143.95, against a previous close of Rs 144.30. It touched the intra-day low of Rs 143.65.

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Suhani Verma

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