Published on 20/03/2017 12:02:23 PM | Source: Dion Global Solutions Ltd.

Lead futures plummet 0.83% on diminishing demand

Posted in Commodities| #MCX #Commodity #Lead

Lead futures were trading lower during morning trade in the domestic market on Monday 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 148.75 per kg, down by 0.83 per cent, after opening at Rs 149.40, against a previous close of Rs 150. It touched the intra-day low of Rs 148.70 (at 11:03 hours).