 "Lead down 0.1% on weak overseas cues, low demand")
Lead prices eased by 0.13% to Rs 114.15 per kg in futures trading today on weakness in base metals at the London Metal Exchange (LME) amidst subdued demand from battery makers at domestic spot markets.
At the Multi Commodity exchange, lead for delivery in February declined by 15 paise, or 0.13%, to Rs 114.15 per kg in a business turnover of 235 lots.
Market analysts said besides subdued demand from battery makers in the spot market, weakness in base metals at the LME after China reported that consumer prices rose at the slowest pace in more than five years and factory-gate deflation deepened, led to the fall in lead prices in futures trade here.
At the Multi Commodity exchange, lead for delivery in February declined by 15 paise, or 0.13%, to Rs 114.15 per kg in a business turnover of 235 lots.
Market analysts said besides subdued demand from battery makers in the spot market, weakness in base metals at the LME after China reported that consumer prices rose at the slowest pace in more than five years and factory-gate deflation deepened, led to the fall in lead prices in futures trade here.
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