Lead futures slip 0.93% on diminishing demand 24/05/2017

Lead futures slip 0.93% on diminishing demand
24/05/2017

Lead futures were trading lower during morning trade in the domestic market on Wednesday as investors and speculators cut down their bets in the industrial metal on subdued physical demand for lead, from battery-makers, in the domestic spot market. Further, a fall in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade. At the MCX, lead futures for May 2017 contract is trading at Rs 133.65 per kg, down by 0.93 per cent, after opening at Rs 134, against a previous close of Rs 134.90. It touched the intra-day low of Rs 133.60 (at 11:03 hours).

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