Lead futures dip on sluggish demand 04/05/2017

Lead futures dip on sluggish demand
04/05/2017

Lead futures were trading lower during morning trade in the domestic market on Thursday as investors and speculators trimmed their bets in the industrial metal on sluggish physical demand for lead, from battery-makers, in the domestic spot market.Further a fall in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade.At the MCX, lead futures for May 2017 contract was trading at Rs 140.65 per kg, down by 0.14 per cent, after opening at Rs 141.15, against a previous close of Rs 140.85. It touched the intra-day low of Rs 140.55 (at 11:55 hours).

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