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Published on 12/07/2018 3:27:56 PM | Source: Dion Global Solutions Ltd.

Lead futures dip 2.78% on subdued demand

Posted in Commodities| #MCX #Commodity #Lead

Lead futures were trading lower during the afternoon trade in the domestic market on Thursday as participants reduced their exposure amid subdued demand from consuming industries in the spot market. Marketmen said the weakness in lead futures was due to a sluggish demand from battery-makers at the domestic markets.

At the MCX, lead futures for July 2018 contract is trading at Rs 147.10 per kg, down by 2.78 per cent, after opening at Rs 153.20, against a previous close of Rs 151.30. It touched the intra-day low of Rs 146.40 (at 14:52 hours).