Lead futures surge as demand picks up

by - 12:26 pm

Lead futures jumped over 1 per cent during morning trade in the domestic market on Friday as investors and speculators widened their bets in the industrial metal amid pick up 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 markets, supported lead prices at futures trade. 

 

At the MCX, lead futures for December 2016 contract is trading at Rs 134.15 per kg, up by 1.09%, after opening at Rs 133.70, against a previous close of Rs 132.70. It touched the intra-day high of Rs 134.40.

 

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