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Lead futures shed 0.54%, hurt by muted demand

Press Trust of India  |  New Delhi 

Lead prices slipped 0.54 per cent to Rs 146.15 per kg in futures trade today due to sluggish demand from battery-makers in the spot market amid a weak global trend.

At the Multi Commodity Exchange, lead for delivery in April fell 80 paise, or 0.54 per cent, to Rs 146.15 per kg, in a business turnover of 2 lots.


On similar lines, the metal for delivery in current month also trading 60 paise, or 0.41 per cent lower, at Rs 145.75 per kg, in a business turnover of 707 lots.

According to analysts, low demand from battery-makers in the domestic spot market and weakness in select base metals at the Metal Exchange kept pressure on lead futures.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 15 2017. 11:13 IST
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