Lead Futures Slip 0.71% On Diminishing Demand

Lead futures were trading lower during morning trade in the domestic market on Thursday as investors and speculators cut down their positions 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 July 2017 contract is trading at Rs 145.90 per kg, down by 0.71 per cent, after opening at Rs 146.40, against a previous close of Rs 146.95. It touched the intra-day low of Rs 145.85.

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Suhani Verma

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