Diminishing physical demand drags down lead futures by 2.27%

Lead futures fell over 2 % during morning trade in the domestic market on Friday as investors and speculators trimmed their positions in the industrial metal amid diminishing 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 prices of lead at futures trade. 

 

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At the MCX, lead futures for January 2017 contract is trading at Rs 159.05 per kg, down by 2.27 per cent, after opening at Rs 160.10, against a previous close of Rs 162.75. It touched the intra-day low of Rs 158.60.

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