Friday, 30 September 2016

Lead futures drop 0.43% on sluggish demand : 30 Sept 2016

Lead futures were trading lower during the morning trade in the domestic market on Friday as participants trimmed their positions in the industrial metal amid sluggish physical demand for lead, from battery-makers, in the domestic spot market.

Further, a fall in demand from battery-makers in the domestic spot market, influenced prices of lead at the domestic spot markets. Thus, ahead of peak season battery makers typically start re-stocking metal in the September or October months.

At the MCX, lead futures for September 2016 contract is trading at Rs 137.60 per kg, down by 0.43 per cent, after opening at Rs 137.50, against a previous close of Rs 138.20. It touched the intra-day low of Rs 137.30

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