Base Metal: lead futures down by 0.35%

Lead futures drop during morning trade in the domestic market on Wednesday as investors & speculators exited their positions in the industrial metal among 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 158.35 per kg, downward by 0.35 per cent, after opening at Rs 158.25, against a last close of Rs 158.90. It touched the intra-day lower of Rs 158.05.

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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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Lead futures down by 1.66% on subdued demand

Lead futures drop during morning trade in the domestic market on Friday 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.

At the MCX, for December 2016 contract lead futures is trading at Rs 157.15 per kg, downward by 1.66 %, after opening at Rs 157.95, against a last close of Rs 159.80. It touched the intra-day lower of Rs 156.80. 

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Lead futures slide on drop in demand today

On Wednesday Lead futures were trading low in the morning trade in the domestic market as investors & speculators remained on the sidelines in the industrial metal amidst muted physical demand for lead, from battery-makers, in the domestic spot market.

Further, slow physical demand from battery-makers in the domestic spot market, influenced rates of lead at futures trade. 

At the MCX, for November 2016 contract lead futures is trading at Rs 137.35 per kg, downward by 0.47 %, after opening at Rs 137.40, against a last close of Rs 138. It touched the intra-day lower of Rs 137.

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