Sluggish demand hurts lead futures : 14 Sept 2016


Lead futures were trading lower during the morning trade in the domestic market on Wednesday as investors and speculators cut down their bets in the industrial metal due to sluggish physical demand for lead from battery-makers in domestic spot market.
Further, offloading of positions by participants led to slide in demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade. At the MCX, lead futures for September 2016 contract is trading at Rs 127.45 per kg, down by 0.16 per cent, after opening at Rs 126.20, against a previous close of Rs 126.70. It touched the intra-day low of Rs 125.95 

Sluggish demand hurts lead futures : 14 Sept 2016 Sluggish demand hurts lead futures : 14 Sept 2016 Reviewed by Money99 on 14:37:00 Rating: 5

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