Uptick in physical demand buoys lead futures 23/05/2017

Uptick in physical demand buoys lead futures
23/05/2017

Lead futures were trading higher during morning trade in the domestic market on Tuesday as investors and speculators build up fresh bets in the industrial metal on uptick in physical demand for lead, from battery-makers, in the domestic spot market. Further, a surge in physical demand from battery-makers in the domestic spot market, supported prices of lead at futures trade. At the MCX, lead futures for May 2017 contract is trading at Rs 135.85 per kg, up by 0.93 per cent, after opening at Rs 135.50, against a previous close of Rs 134.60. It touched the intra-day high of Rs 136.35 (at 11:11 hours).

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