Today Lead futures drop 0.58% on diminishing demand

 

Lead futures were trading lower during morning trade in the domestic market on Friday as investors and speculators cut down their positions in the industrial metal amid subdued 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 market, influenced prices of lead at futures trade.

At the MCX, lead futures for March 2017 contract is trading at Rs 153.45 per kg, down by 0.58 per cent, after opening at Rs 153.30, against a previous close of Rs 154.35. It touched the intra-day low of Rs 153.20

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Today Lead futures surge as Demand picks up in market

 

Lead futures jumped over 1 per cent during morning trade in the domestic market on Friday as investors and speculators widened their bets in the industrial metal amid pick up in physical demand for lead, from battery-makers, in the domestic spot market.

Further, an upward trend in physical demand from battery-makers in the domestic spot markets, supported lead prices at futures trade.

At the MCX, lead futures for December 2016 contract is trading at Rs 134.15 per kg, up by 1.09 per cent, after opening at Rs 133.70, against a previous close of Rs 132.70. It touched the intra-day high of Rs 134.40.

 

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Lead slip during morning trade in the domestic market

Lead futures were trading lower during morning trade in the domestic market on Tuesday as investors and speculators indulged in trimming their positions in the industrial metal amid diminishing 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 market, influenced prices of lead at futures trade.

At the MCX, lead futures for December 2016 contract is trading at Rs 145.45 per kg, down by 0.72 per cent, after opening at Rs 145.30, against a previous close of Rs 146.50. It touched the intra-day low of Rs 145.30

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Today Lead futures up 0.74% on Robust demand in Market

 

Lead futures were trading higher during the morning trade in the domestic market on Thursday as participants started building up fresh positions in the industrial metal on account of increase in physical demand for lead, from battery-makers, in the domestic spot market.

Further, a rise in demand from battery-makers in the domestic spot market, supported prices of lead at the domestic spot markets.

At the MCX, lead futures for September 2016 contract is trading at Rs 130.10 per kg, up by 0.74 per cent, after opening at Rs 129.85, against a previous close of Rs 129.15. It touched the intra-day high of Rs 130.20 .

 

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Today Lead futures surge on spot demand at the Market

Lead futures were trading higher during the morning trade in the domestic market on Wednesday as participants widened their positions in the industrial metal amid a surge in physical demand for lead, from battery-makers, in the domestic spot market.

Further, increase in demand from battery-makers in the domestic spot market, supported the prices of lead in the spot markets. At the MCX, Lead futures for August 2016 contract is trading at Rs 121.15 per kg, up by 0.29 per cent, after opening at Rs 120.80, against a previous close of Rs 120.80. It touched the intra-day high of Rs 121.30 

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Lead Updates - Lead bites the dust on Tepid Physical Demand

Lead Updates - Lead futures fell during noon trade in the domestic market on Wednesday as investors and speculators exited positions in the industrial metal amid weak physical demand for lead, from battery-makers, in the domestic spot market. 

 

A renewed slump in global equity markets and an extended slide in oil soured the appetite for risky assets, also weighing on the industrial metal.
 

A third straight drop in German business confidence in February signaled a worsening outlook for Europe’s biggest economy, dimming the demand prospects for metals. The gauge measuring German business sentiment fell to 105.7 in February from 107.3 in January.
 

At the MCX, Lead futures for February 2016 contract were trading at Rs.115.75 per 1 kg, down by 1.03 per cent, after opening at Rs. 116.25, against the previous closing price of Rs. 116.95. It touched the intra-day low of Rs. 115.6.