Lead futures rise on increasing demand
29/09/2017
Lead futures were trading higher during the afternoon trade in the domestic market on Friday as participants created fresh positions, taking positive cues from spot market on pick-up in demand.
Marketmen said building up of positions by traders backed by upsurge in demand from battery-makers at domestic spot market, supported the upside in lead prices at futures trade.At the MCX, lead futures for September 2017 contract is trading at Rs 163.60 per kg, up by 0.58 per cent, after opening at Rs 162.25, against a previous close of Rs 162.65. It touched the intra-day high of Rs 163.80 (at 12:03 hours).
29/09/2017
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Lead futures were trading higher during the afternoon trade in the domestic market on Friday as participants created fresh positions, taking positive cues from spot market on pick-up in demand.
Marketmen said building up of positions by traders backed by upsurge in demand from battery-makers at domestic spot market, supported the upside in lead prices at futures trade.At the MCX, lead futures for September 2017 contract is trading at Rs 163.60 per kg, up by 0.58 per cent, after opening at Rs 162.25, against a previous close of Rs 162.65. It touched the intra-day high of Rs 163.80 (at 12:03 hours).
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