 "Lead falls by 0.6% on low demand")
Lead prices weakened by 0.58% to Rs 129.05 per kg in futures trading today as speculators trimmed positions on sluggish demand from battery makers in spot markets.
In addition, weakness in the base metals pack at the London Metal Exchange weighed on the prices.
At the Multi Commodity exchange, lead for delivery in May declined by 25 paise or 0.58% to Rs 129.05 per kg in a business turnover of 21 lots.
Market analysts said apart from subdued demand from battery makers in the spot market, weakness in base metals at the LME after a gauge of manufacturing strength slid to a 12-month low in China, the world's biggest consumer, led to the fall in lead prices at futures trade here.
In addition, weakness in the base metals pack at the London Metal Exchange weighed on the prices.
At the Multi Commodity exchange, lead for delivery in May declined by 25 paise or 0.58% to Rs 129.05 per kg in a business turnover of 21 lots.
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Similarly, the metal for delivery in April traded lower by 70 paise or 0.54% to Rs 128.25 per kg in 21 lots.
Market analysts said apart from subdued demand from battery makers in the spot market, weakness in base metals at the LME after a gauge of manufacturing strength slid to a 12-month low in China, the world's biggest consumer, led to the fall in lead prices at futures trade here.
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