Diminishing physical demand drags down lead futures by 0.29% 05/06/2017

Diminishing physical demand drags down lead futures by 0.29%
05/06/2017

Lead futures were trading lower during morning trade in the domestic market on Monday as investors and speculators cut down their bets in the industrial metal amid slide in physical demand for lead,from battery-makers, in the domestic spot market.Further, a fall in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade.At the MCX, lead futures for June 2017 contract is trading at Rs 135.30 per kg, down by 0.29 per cent, after opening at Rs 35.35,against a previous close of Rs 135.70. It touched the intra-day low of Rs 135.15 (at 11:02 hours).

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