 "Lead down 0.4% on overseas trend, sluggish demand")
Taking weak cues from the global markets and subdued domestic demand, lead prices softened by 0.40% to Rs 138.55 per kg in futures trade today as participants reduced positions.
At the Multi Commodity exchange, lead for delivery in February softened by 55 paise, or 0.40% to Rs 138.55 per kg in business turnover of 28 lots.
Likewise, the metal for delivery in January shed 35 paise, or 0.25% to Rs 137.65 per kg in 794 lots.
The fall in lead futures prices was mostly attributed to weak demand in domestic spot markets from battery-makers and a subdued trend in the base metals pack at the London Metal Exchange on demand concern after Chinese economic indicators weakened, analysts said.
At the Multi Commodity exchange, lead for delivery in February softened by 55 paise, or 0.40% to Rs 138.55 per kg in business turnover of 28 lots.
Likewise, the metal for delivery in January shed 35 paise, or 0.25% to Rs 137.65 per kg in 794 lots.
The fall in lead futures prices was mostly attributed to weak demand in domestic spot markets from battery-makers and a subdued trend in the base metals pack at the London Metal Exchange on demand concern after Chinese economic indicators weakened, analysts said.
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