Lead futures trade marginally lower on subdued demand

Lead prices traded marginally lower by 0.18% to Rs 108.45 per kg in futures trading today due to sluggish demand from battery makers in the spot market amid weak trend overseas.  

At the Multi Commodity Exchange, lead for September delivery traded marginally lower by 20 paise, or 0.18%, to Rs 108.45 per kg, with a business turnover of 49 lots.

Similarly, the metal for August delivery shed 10 paise, or 0.09%, to Rs 107.85 per kg, in 1,676 lots.

Market analysts said subdued demand from battery makers in the spot market and weak trend in overseas market, mainly led to a decline in lead futures prices.

Meanwhile, lead declined by 0.8% to $2,380 a tonne on the London Metal Exchange.