Sluggish Demand Drags Down Lead Futures By 0.76%

Lead futures were trading lower during morning trade in the domestic market on Friday as investors and speculators trimmed their bets in the industrial metal amid fall in 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 markets, influenced lead prices at futures trade.
At the MCX, lead futures for March 2017 contract is trading at Rs 149.25 per kg, down by 0.76 per cent, after opening at Rs 150.15, against a previous close of Rs 150.40. It touched the intra-day low of Rs 149.15 (at 10:58 hours).
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