Lead futures plummet 1.41% on ease in demand 23/02/2017 12:02
Lead futures plunged over 1 per cent during morning trade in the domestic market on Thursday as investors and speculators cut down their bets in the industrial metal amid fall in 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 February 2017 contract is trading at Rs 150.35 per kg, down by 1.41 per cent, after opening at Rs 152.60, against a previous close of Rs 152.50. It touched the intra-day low of Rs 150.35 (at 12:03 hours).
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Lead futures plunged over 1 per cent during morning trade in the domestic market on Thursday as investors and speculators cut down their bets in the industrial metal amid fall in 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 February 2017 contract is trading at Rs 150.35 per kg, down by 1.41 per cent, after opening at Rs 152.60, against a previous close of Rs 152.50. It touched the intra-day low of Rs 150.35 (at 12:03 hours).
