Thursday, September 8, 2016

Lead extends drop in midday trade

During noon trade lead futures fell in the domestic market on Thursday as investors and speculators exit positions in the industrial metal among weak physical demand for lead, from battery-makers, in the domestic spot market. 

Traders cast apart improved US labour market data as job openings surged by the most in six months, up by 228,000 to 5.87 million in July. 

At the MCX, lead futures for Sept 2016 contract is trading at Rs 126.4 per kg, down by 0.71 %, after opening at Rs 127.20, against a last close of Rs 127.30. It touched the intra-day low of Rs 126.30.