Lead futures dip 1.5% on subdued demand 10/07/2018

Lead futures dip 1.5% on subdued demand
10/07/2018


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Lead futures dip 1.5% on subdued demand
10/07/2018 14:53
Lead futures were trading lower during the afternoon trade in the domestic market on Tuesday as participants reduced their exposure amid subdued demand from consuming industries in the spot market.

Marketmen said the weakness in lead futures was due to a sluggish demand from battery-makers at the domestic markets.

At the MCX, lead futures for July 2018 contract is trading at Rs 157.95 per kg, down by 1.50 per cent, after opening at Rs 160.80, against a previous close of Rs 160.35. It touched the intra-day low of Rs 157.80 (at 14:52 hours).