Lead futures weaken on subdued demand, overseas trend
Firm rupee also weighs on prices
Amid a weak trend overseas and sluggish domestic demand, lead prices fell 0.26% to Rs 114.20 per kg in the futures market today.
At the MCX, lead for delivery in June traded lower by 30 paise, or 0.26%, to Rs 114.20 per kg in business turnover of seven lots.
The may contract also down by 25 paise, or 0.22% to Rs 113.80 per kg in a turnover of 308 lots.
Market analysts said besides a weakening trend at the London Metal Exchange, subdued demand from battery- makers in the domestic spot market, also weighed down on lead futures prices here.
the three-month lead contract traded 1% lower at $2,160 per tonne in early trade today.