Subdued Physical Demand Bites Lead Futures

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

Further, a slide 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 148.20 per kg, down by 0.37 per cent, after opening at Rs 147.70, against a previous close of Rs 148.75. It touched the intra-day low of Rs 147.35.

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Suhani Verma

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