Lead down by 0.5% on subdued demand

Lead prices fell by 0.50% to Rs 128.80 per kg in futures trade today as speculators reduced exposure on subdued spot demand amid a weak trend in the entire base metals overseas.

 

At the Multi Commodity Exchange, lead for delivery in September fell by 65 paise, or 0.50%, to Rs 128.80 per kg in business turnover of 1,043 lots.

 

The metal for delivery in October also traded lower by 45 paise, or 0.42%, to Rs 130.30 per kg in a turnover of 57 lots.

 

Marketmen said besides subdued demand from domestic consuming industries, weakness in copper and other base metals overseas as lower imports by China suggested demand by the largest consumer may be weaker than estimated, weighed on lead futures prices here.