Lead futures down on subdued demand 07/11/2017

Lead futures down on subdued demand
07/11/2017 12:01


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Lead futures down on subdued demand
07/11/2017 12:01
Lead futures were trading lower during the afternoon trade in the domestic market on Tuesday 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 November 2017 contract is trading at Rs 161.30 per kg, down by 0.43 per cent, after opening at Rs 162.70, against a previous close of Rs 162. It touched the intra-day low of Rs 161 (at 12:06 hours).