Uptick in demand buoys lead futures by 1.13%
01/03/2017 11:05
Lead futures rose over 1 per cent during morning trade in the domestic market on Wednesday as investors and speculators build up fresh bets in the industrial metal amid upsurge in physical demand for lead, from battery-makers, in the domestic spot market. Further, an upward trend in physical demand from battery-makers in the domestic spot market, supported prices of lead at futures trade. At the MCX, lead futures for March 2017 contract is trading at Rs 152.20 per kg, up by 1.13 per cent, after opening at Rs 151.15, against a previous close of Rs 150.50. It touched the intra-day high of Rs 152.25 (at 11:05 hours).
01/03/2017 11:05
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Lead futures rose over 1 per cent during morning trade in the domestic market on Wednesday as investors and speculators build up fresh bets in the industrial metal amid upsurge in physical demand for lead, from battery-makers, in the domestic spot market. Further, an upward trend in physical demand from battery-makers in the domestic spot market, supported prices of lead at futures trade. At the MCX, lead futures for March 2017 contract is trading at Rs 152.20 per kg, up by 1.13 per cent, after opening at Rs 151.15, against a previous close of Rs 150.50. It touched the intra-day high of Rs 152.25 (at 11:05 hours).
