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Published on 16/12/2019 3:52:53 PM | Source: Dion Global Solutions Ltd

Lead futures surge on upbeat demand

Posted in Commodity Top News| #Commodity #Lead

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Lead futures were trading higher during the afternoon trade in the domestic market on Monday as participants built up fresh positions, driven by pick-up in demand at the spot market. Market analysts said fresh positions created by traders due to upsurge in demand by battery-makers mainly helped lead prices to trade higher.

At the MCX, lead futures for December 2019 contract is trading at Rs 152.30 per kg, up by 0.03 per cent, after opening at Rs 152.10, against a previous close of Rs 152.25. It touched the intra-day high of Rs 152.35 (at 14:00 hours).