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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Base Metal: Lead futures drop 0.11% today

Lead futures were trading low in the domestic market during the morning trade on Friday as investors & speculators trimmed their bets in the industrial metal amid drop in physical demand for lead, from battery-makers, in the domestic spot market.

At the MCX, for November 2016 contract lead futures is trading at Rs 142.60 per kg, downward by 0.11 %, after opening at Rs 143.40, against a last close of Rs 142.75. It touched the intra-day lower of Rs 142.40.

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Lead futures zoom 1.06% today in market

During the morning trade Lead futures were trading high in the domestic market on Tuesday as investors & speculators indulged in building up of new positions in the industrial metal amidst rise in physical demand for lead, from battery-makers, in the domestic spot market. 

Moreover, rise in physical demand from battery-makers in the domestic spot market, supported prices of lead at futures trade. At the MCX, lead futures for Nov. 2016 contract is trading at Rs 138.50 per kg, up by 1.06 %, after opening at Rs 138.30, against a last close of Rs 137.05. It touched the intra-day higher of Rs 138.60.

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Today in Noon Lead futures gain on upsurge in demand

During the afternoon trade, Lead futures were trading high in the domestic market on Monday as participants widened their positions in the industrial metal due to pick up in physical demand for lead, from battery-makers, in the domestic spot market.

Also, a rise in demand from battery-makers in the domestic spot market, supported prices of lead at futures trade. At the MCX, lead futures for October 2016 contract is trading at Rs 139.80 per kg, upward by 0.90 %, after opening at Rs 138.90, against a last close of Rs 138.55. It touched the intra-day higher of Rs 140.45.

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