Lead futures up on increasing demand
27/12/2017
27/12/2017 12:16
Lead futures were trading higher during the morning trade in the domestic market on Wednesday 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 December 2017 contract is trading at Rs 159.35 per kg, up by 0.44 per cent, after opening at Rs 159.05, against a previous close of Rs 158.65. It touched the intra-day high of Rs 159.40(at 12:13 hours).
27/12/2017
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Lead futures up on increasing demand27/12/2017 12:16
Lead futures were trading higher during the morning trade in the domestic market on Wednesday 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 December 2017 contract is trading at Rs 159.35 per kg, up by 0.44 per cent, after opening at Rs 159.05, against a previous close of Rs 158.65. It touched the intra-day high of Rs 159.40(at 12:13 hours).
