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Lead futures were flat during morning trade in the domestic market on Monday as investors and speculators remained on the sidelines in the industrial metal amid subdued 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 flat at Rs 156.25 per kg after opening at Rs 155.60, against a previous close of Rs 156.25. It touched the intra-day low of Rs 155.60 (at 11:12 hours).
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Lead futures were flat during morning trade in the domestic market on Monday as investors and speculators remained on the sidelines in the industrial metal amid subdued 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 flat at Rs 156.25 per kg after opening at Rs 155.60, against a previous close of Rs 156.25. It touched the intra-day low of Rs 155.60 (at 11:12 hours).
