Lead futures slide on sluggish physical demand

Lead futures were down during morning trade in the domestic market on Friday as investors and speculators trimmed their bets in the industrial metal amid muted 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 lead prices at futures trade.

                                At the MCX, lead futures for December 2016 contract is trading at Rs 143.10 per kg, down by 0.56 %, after opening at Rs 142.90, against a previous close of Rs 143.90. It touched the intra-day low of Rs 142.9.

 

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