Lead futures drop by 0.32% on diminishing demand
19/08/2016 10:54
Lead futures were trading lower during the morning trade in the domestic market on Friday as investors and speculators cut down their bets in the industrial metal due to a fall in physical demand for lead, from battery-makers, in the domestic spot market. Further, a decline in demand from battery-makers in the domestic spot market, influenced prices of lead in the spot markets. At the MCX, Lead futures for August 2016 contract is trading at Rs 125.70 per kg, down by 0.32 per cent, after opening at Rs 125.90, against a previous close of Rs 126.10. It touched the intra-day low of Rs 125.65 (at 10:53 hours).
