Lead futures drop 0.12% on weak demand
26/09/2016 12:23
Lead futures were trading lower during the noon trade in the domestic market on Monday as participants cut down their positions 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 at the domestic spot markets. At the MCX, lead futures for September 2016 contract is trading at Rs 127.20 per kg, down by 0.12 per cent, after opening at Rs 127.10, against a previous close of Rs 127.35. It touched the intra-day low of Rs 126.85 (at 12:23 hours).
