MCX COMMODITY OPTIONS TIPS : Upsurge in physical demand buoys lead futures 07/06/2017

Upsurge in physical demand buoys lead futures 07/06/2017

Upsurge in physical demand buoys lead futures
07/06/2017

Lead futures were trading higher during morning trade in the domestic market on Wednesday as investors and speculators indulged in building up fresh bets in the industrial metal amid uptick in physical demand for lead, from battery-makers, in the domestic spot market.Further, a rise in physical demand from battery-makers in the domestic spot market, supported prices of lead at futures trade.At the MCX, lead futures for June 2017 contract is trading at Rs 133.60 per kg, up by 0.38 per cent, after opening at Rs 133.80, against a previous close of Rs 133.10. It touched the intra-day high of Rs 133.90 (at 11:17 hours).

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