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Lead futures fell over 2 per cent during morning trade in the domestic market on Friday as investors and speculators trimmed their positions in the industrial metal amid diminishing physical demand for lead, from battery-makers, in the domestic spot market. Further, a downward trend in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade. At the MCX, lead futures for January 2017 contract is trading at Rs 159.05 per kg, down by 2.27 per cent, after opening at Rs 160.10, against a previous close of Rs 162.75. It touched the intra-day low of Rs 158.60 (at 11:13 hours).
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Lead futures fell over 2 per cent during morning trade in the domestic market on Friday as investors and speculators trimmed their positions in the industrial metal amid diminishing physical demand for lead, from battery-makers, in the domestic spot market. Further, a downward trend in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade. At the MCX, lead futures for January 2017 contract is trading at Rs 159.05 per kg, down by 2.27 per cent, after opening at Rs 160.10, against a previous close of Rs 162.75. It touched the intra-day low of Rs 158.60 (at 11:13 hours).
