Thursday, 22 December 2016

Lead futures down on diminishing demand : 22 Dec 2016

Lead futures plunged by more than 1 % during morning trade in the domestic market on Thursday as investors and speculators trimmed their bets in the industrial metal amid sluggish physical demand for lead, from battery-makers, in the domestic spot market.

Further, a downward trend in physical demand from battery-makers in the domestic spot market, influenced lead prices at futures trade. At the MCX, lead futures for December 2016 contract is trading at Rs 145 per kg, down by 1.23 per cent, after opening at Rs 145.50, against a previous close of Rs 146.80. It touched the intra-day low of Rs 144.90

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