Lead futures up on rising demand 04/08/2017

Lead futures up on rising demand
04/08/2017 12:00

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Lead futures were trading higher during the afternoon trade in the domestic market on Friday as participants created fresh positions, taking positive cues from spot market on pick-up in demand.
Marketmen said building up of positions by traders backed by upsurge in demand from battery-makers at domestic spot market, supported the upside in lead prices at futures trade.
At the MCX, lead futures for August 2017 contract is trading at Rs 150.40 per kg, up by 0.20 per cent, after opening at Rs 150.10, against a previous close of Rs 150.10. It touched the intra-day high of Rs 150.65. (at 12:07 hours).