Sluggish demand drags down lead futures by 1.53%
27/03/2017 10:57
Lead futures fell over 1 per cent during morning trade in the domestic market on Monday as investors and speculators cut down their positions in the industrial metal amid subdued 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 prices of lead at futures trade.
At the MCX, lead futures for March 2017 contract is trading at Rs 150.90 per kg, down by 1.53 per cent, after opening at Rs 152.05, against a previous close of Rs 153.25. It touched the intra-day low of Rs 150.50 (at 10:59 hours).
27/03/2017 10:57
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Lead futures fell over 1 per cent during morning trade in the domestic market on Monday as investors and speculators cut down their positions in the industrial metal amid subdued 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 prices of lead at futures trade.
At the MCX, lead futures for March 2017 contract is trading at Rs 150.90 per kg, down by 1.53 per cent, after opening at Rs 152.05, against a previous close of Rs 153.25. It touched the intra-day low of Rs 150.50 (at 10:59 hours).
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
