 "Lead down 0.1% on sluggish demand, weak global cues")
Lead traded a shade lower at Rs 127.05 per kg in futures trade today after participants reduced their exposures amid sluggish demand from battery makers in the spot market amid a weak global trend.
At the Multi Commodity exchange, lead for delivery in June shed 15 paise, or 0.12%, to Rs 127.05 per kg in business turnover of 1,955 lots.
Metal prices for delivery in the July fell by a similar margin to trade at Rs 127.60 per kg in 148 lots.
Market analysts said apart from subdued demand from battery-makers in the domestic spot market, a weak trend in base metals pack at the London Metal Exchange on concern that signs of slowing growth from the US to China will curb demand, mainly kept pressure on lead prices at futures trade.
At the Multi Commodity exchange, lead for delivery in June shed 15 paise, or 0.12%, to Rs 127.05 per kg in business turnover of 1,955 lots.
Metal prices for delivery in the July fell by a similar margin to trade at Rs 127.60 per kg in 148 lots.
Market analysts said apart from subdued demand from battery-makers in the domestic spot market, a weak trend in base metals pack at the London Metal Exchange on concern that signs of slowing growth from the US to China will curb demand, mainly kept pressure on lead prices at futures trade.
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