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Lead futures were trading higher during morning trade in the domestic market on Wednesday as investors and speculators build up fresh bets in the industrial metal amid increase in physical demand for lead, from battery-makers, in the domestic spot market. Further, an upward trend in physical demand from battery-makers in the domestic spot market, supported prices of lead at futures trade. At the MCX, lead futures for February 2017 contract is trading at Rs 160.05 per kg, up by 0.28 per cent, after opening at Rs 159.40, against a previous close of Rs 159.60. It touched the intra-day high of Rs 160.20 (at 11:12 hours).
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Lead futures were trading higher during morning trade in the domestic market on Wednesday as investors and speculators build up fresh bets in the industrial metal amid increase in physical demand for lead, from battery-makers, in the domestic spot market. Further, an upward trend in physical demand from battery-makers in the domestic spot market, supported prices of lead at futures trade. At the MCX, lead futures for February 2017 contract is trading at Rs 160.05 per kg, up by 0.28 per cent, after opening at Rs 159.40, against a previous close of Rs 159.60. It touched the intra-day high of Rs 160.20 (at 11:12 hours).
