Lead down 0.5% on weak demand

Lead prices softened by 0.59%t to Rs 126.35 per kg in futures trading today as speculators reduced positions on the back of weak demand from battery-makers in the spot market.

At the Multi Commodity Exchange, lead for delivery in April declined by 75 paise, or 0.59%t, to Rs 126.35 per kg in a business turnover of 3,651 lots.

Likewise, the metal for delivery in May traded lower by 75 paise, or 0.58%t, to Rs 127.90 per kg in 1,117 lots.

Analysts said speculators trimmed positions on the back of weak demand from battery-makers in the spot market which mainly influenced lead prices at futures trade.