Lead falls on soft physical demand
26/09/2016 15:38
Lead futures fell during noon trade in the domestic market on Monday as investors and speculators exit positions in the industrial metal amid weak physical demand for lead, from battery-makers in the domestic spot market. Investors remain wary ahead of speeches from key officials from major global central banks that may offer the outlook for monetary policy in developed economies, helping shape the demand prospects for metals. The chiefs of central banks in the US and the Euro area are due to speak this week. At the MCX, lead futures for September 2016 contract is trading at Rs 126.75 per kg, down by 0.47 per cent, after opening at Rs 127.10, against a previous close of Rs 127.35. It touched the intra-day low of Rs 126.55 (at 15:34 PM).
