Uptick in demand buoys lead futures 13/06/2017

Uptick in demand buoys lead futures
13/06/2017

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 rise in physical demand for lead, from battery-makers, in the domestic spot market.
Further, an increase 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 132.30 per kg, up by 0.23 per cent, after opening at Rs 132, against a previous close of Rs 132. It touched the intra-day high of Rs 132.55 (at 11:08 hours).

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