Subdued physical demand drags down lead futures by 0.80%
07/03/2017 11:17
Lead futures were trading lower during morning trade in the domestic market on Tuesday as investors and speculators trimmed their positions in the industrial metal amid sluggish 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 March 2017 contract is trading at Rs 148.70 per kg, down by 0.80 per cent, after opening at Rs 148.95, against a previous close of Rs 149.90. It touched the intra-day low of Rs 148.35 (at 11:18 hours).
07/03/2017 11:17
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Lead futures were trading lower during morning trade in the domestic market on Tuesday as investors and speculators trimmed their positions in the industrial metal amid sluggish 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 March 2017 contract is trading at Rs 148.70 per kg, down by 0.80 per cent, after opening at Rs 148.95, against a previous close of Rs 149.90. It touched the intra-day low of Rs 148.35 (at 11:18 hours).
