Lead futures were trading lower during afternoon trade in the domestic market on Monday as investors and speculators cut down their positions 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 July 2017 contract is trading at Rs 147.20 per kg, down by 0.71 per cent, after opening at Rs 148, against a previous close of Rs 148.25. It touched the intra-day low of Rs 147 (at 12:19 hours).
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