Published on 21/03/2017 11:20:50 AM | Source: Dion Global Solutions Ltd.

Lead futures slip 0.41% on ease in demand

Posted in Commodities| #MCX #Commodity #Lead

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 147.30 per kg, down by 0.41 per cent, after opening at Rs 147.05, against a previous close of Rs 147.90. It touched the intra-day low of Rs 146.90 (at 10:48 hours).