 "Lead down 0.2% on global cues, subdued spot demand")
Lead prices eased by 0.20% to Rs 127.65 per kg in futures trade today as speculators reduced exposures on weak cues from the global markets.
At the Multi Commodity Exchange, lead for delivery in May fell by 25 paise, or 0.20%, to Rs 127.65 per kg in a business turnover of one lots.
The metal for delivery in April also fell by 20 paise, or 0.16%, to Rs 126.50 per kg with a business volume of 147 lots.
Besides, subdued demand from battery-makers led to the fall in prices, they said.
At the Multi Commodity Exchange, lead for delivery in May fell by 25 paise, or 0.20%, to Rs 127.65 per kg in a business turnover of one lots.
The metal for delivery in April also fell by 20 paise, or 0.16%, to Rs 126.50 per kg with a business volume of 147 lots.
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Marketmen said a weak trend in base metals at the London Metal Exchange after data showed economic expansion in China eased to the slowest pace in six quarters, fuelling concern that demand from the largest user will weaken, mainly put pressure on lead futures here.
Besides, subdued demand from battery-makers led to the fall in prices, they said.
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