Lead down 0.28% on sluggish demand

Lead futures traded lower by 0.43% at Rs 106 per kg as speculators reduced their positions, tracking a weak trend at the spot markets.

At the MCX, lead for delivery in July shed 45 paise, or 0.43%, to Rs 105 per kg, with a business turnover of 63 lots.

The metal for delivery in the June also moved down by 40 paise, or 0.38%, to trade at Rs 103.55 per kg, with a turnover of 481 lots.

Lead rose 0.83% to USD 1,831 per tonne at the London Metal Exchange today.

Market analysts said weakness at the spot markets due to sluggish demand from battery-makers mainly put pressure on lead futures prices here but a firming trend at the LME limited the losses.