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Wednesday 2 November 2016

Lead futures drop 1.05% on easing demand : 02 Nov 2016

Lead futures were trading lower during the evening trade in the domestic market on Wednesday as investors and speculators exited their positions in the industrial metal amid sluggish physical demand for lead, from battery-makers, in the domestic spot market.

Further, a decline in physical demand from battery-makers at the domestic spot markets, influenced lead prices at futures trade. At the MCX, lead futures for November 2016 contract is trading at Rs 136.55 per kg, down by 1.05 per cent, after opening at Rs 137.40, against a previous close of Rs 138. It touched the intra-day low of Rs 136.35 


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