Lead futures drop 0.21% on subdued physical demand 11/05/2017

Lead futures drop 0.21% on subdued physical demand
11/05/2017

Lead futures were trading lower during morning trade in the domestic market on Thursday as investors and speculators cut down their bets in the industrial metal on subdued physical demand for lead, from battery-makers, in the domestic spot market.
Further, a fall in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade.
At the MCX, lead futures for May 2017 contract is trading at Rs 141.40 per kg, down by 0.21 per cent, after opening at Rs 141.70, against a previous close of Rs 141.70. It touched the intra-day low of Rs 141.30 (at 10:58 hours).

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