Published on 5/07/2017 11:35:24 AM | Source: Dion Global Solutions Ltd.

Lead futures keep head above water

Posted in Top Stories| #MCX #Commodity #Lead

Lead futures were trading higher during morning trade in the domestic market on Wednesday as investors and speculators build up fresh positions in the industrial metal on rising physical demand for lead, from battery-makers, in the domestic spot market.

Further, an increase in physical demand from battery-makers in the domestic spot market, supported prices of lead at futures trade. At the MCX, lead futures for July 2017 contract is trading at Rs 148.60 per kg, up by 0.17 per cent, after opening at Rs 148.60, against a previous close of Rs 148.35. It touched the intra-day high of Rs 149.05 (at 11:05 hours).