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Monday 17 October 2016

Lead rises driven by firm demand : 17 Oct 2016

Lead futures rose during the evening trade in the domestic market on Monday amid a firming trend at the spot market on rising demand from battery makers. Furthermore, a firming trend in base metals overseas supported the upside in metal prices. According to market analysts, rising demand from battery makers at spot markets and strength in base metals at the London Metal Exchange helped lead futures trade higher.

At the MCX, lead futures for October 2016 contract was trading at Rs 133 per kg, up by 0.04 per cent, after opening at Rs 133.80, against a previous close of Rs 132.95. It touched the intra-day high of Rs 133.80


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