Lead futures drop 0.77% on diminishing demand
22/03/2017 10:54
Lead futures were trading lower during morning trade in the domestic market on Wednesday as investors and speculators cut down their positions in the industrial metal amid sluggish physical demand for lead, from battery-makers, in the domestic spot market.
Further, a downward trend in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade.
At the MCX, lead futures for March 2017 contract is trading at Rs 147.55 per kg, down by 0.77 per cent, after opening at Rs 147.80, against a previous close of Rs 148.70. It touched the intra-day low of Rs 147.40 (at 10:56 hours).
22/03/2017 10:54
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Lead futures were trading lower during morning trade in the domestic market on Wednesday as investors and speculators cut down their positions in the industrial metal amid sluggish physical demand for lead, from battery-makers, in the domestic spot market.
Further, a downward trend in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade.
At the MCX, lead futures for March 2017 contract is trading at Rs 147.55 per kg, down by 0.77 per cent, after opening at Rs 147.80, against a previous close of Rs 148.70. It touched the intra-day low of Rs 147.40 (at 10:56 hours).
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9470940040
