Lead futures dip on sluggish demand 22/09/2017

Lead futures dip on sluggish demand

Lead futures were trading lower during the afternoon trade in the domestic market on Friday as participants reduced their exposure amid subdued demand from consuming industries in the spot market. Marketmen said the weakness in lead futures was due to a sluggish demand from battery-makers at the domestic markets. At the MCX, lead futures for September 2017 contract is trading at Rs 156.30 per kg, down by 2.40 per cent, after opening at Rs 158.40, against a previous close of Rs 160.15. It touched the intra-day low of Rs 156.25 (at 12:06 hours).

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