Tuesday, December 6, 2016

Base Metal: lead futures down by 0.67% in moring

Lead futures drop during morning trade in the domestic market on Tuesday as investors & speculators exited their positions in the industrial metal amid drop in physical demand for lead, from battery-makers, in the domestic spot market.

Moreover, a down trend in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade.

At the MCX, for December 2016 contract lead futures is trading at Rs 156.40 per kg, down by 0.67 per cent, after opening at Rs 156.85, against a last close of Rs 157.45. It touched the intra-day lower of Rs 156.05.

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