Lead Futures Down on Easing Demand

Lead futures were trading lower during the noon trade in the domestic market on Friday as speculators cut down their positions, taking negative cues from domestic spot market on low demand. Analysts said offloading of positions by traders owing slackened demand from battery-makers in the physical market weighed on lead prices in futures trade.

At the MCX, lead futures for July 2018 contract is trading at Rs 149.35 per kg, down by 0.63 per cent, after opening at Rs 149.50, against a previous close of Rs 150.30. It touched the intra-day low of Rs 148.95 (at 12:25 hours).

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Suhani Verma

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