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 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 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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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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