Subdued demand drags lead futures by 0.24%

Subdued demand drags lead futures by 0.24%
23/08/2016 15:56

Lead futures were trading lower during the evening trade in the domestic market on Tuesday as traders 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 decrease 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 123.60 per kg, down by 0.24 per cent, after opening at Rs 124.30, against a previous close of Rs 123.90. It touched the intra-day low of Rs 123.50 (at 15:55 hours).