Lead Futures Drop 0.79% On Sluggish Physical Demand

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 decrease in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade.

At the MCX, lead futures for July 2017 contract is trading at Rs 150.20 per kg, down by 0.79 per cent, after opening at Rs 151.15, against a previous close of Rs 151.40. It touched the intra-day low of Rs 149.90.

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Suhani Verma

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