Commodity Tips – Lead futures dip on easing demand
Lead futures were trading lower during the afternoon trade in the domestic market on Wednesday 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 February 2018 contract is trading at Rs 167.20 per kg, down by 0.48 per cent, after opening at Rs 167, against a previous close of Rs 168. It touched the intra-day low of Rs 166.75.
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