Lead futures dip on sluggish demand

Lead futures were trading lower during the noon trade in the domestic market on Friday as participants trimmed their positions in the industrial metal due to sluggish physical demand for lead, from battery-makers, in the domestic spot market.

 Further, a drop in demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade.

 

At the MCX, lead futures for October 2016 contract is trading at Rs 137.15 per kg, down by 0.11 per cent, after opening at Rs 137.30, against a previous close of Rs 137.30. It touched the intra-day low of Rs 137.05.

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