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Lead futures weaken on subdued demand, overseas trend

Firm rupee also weighs on prices

Press Trust of India  |  New Delhi 

Amid a weak trend overseas and sluggish domestic demand, prices fell 0.26% to Rs 114.20 per kg in the market today.

At the MCX, for delivery in June traded lower by 30 paise, or 0.26%, to Rs 114.20 per kg in business turnover of seven lots.

The may contract also down by 25 paise, or 0.22% to Rs 113.80 per kg in a turnover of 308 lots.

Market analysts said besides a weakening trend at the London Metal Exchange, subdued demand from battery- makers in the domestic spot market, also weighed down on prices here.

the three-month contract traded 1% lower at $2,160 per tonne in early trade today.

First Published: Wed, May 02 2012. 11:07 IST