Diminishing demand bites lead futures

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Lead futures were trading lower during morning trade in the domestic market on Wednesday as investors and speculators indulged in trimming their bets in the industrial metal amid fall in physical demand for lead, from battery-makers, in the domestic spot market. 

 

At the MCX, lead futures for January 2017 contract is trading at Rs 147.90 per kg, down by 0.64 per cent, after opening at Rs 148.05, against a previous close of Rs 148.85. It touched the intra-day low of Rs 147.80.

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