Lead futures shed 0.25%, hurt by muted demand, overseas cues

Lead prices were down 0.25 per cent to Rs 139.60 per kg amid bearish global trend and muted domestic demand in futures trading today as participants trimmed their exposure.
Lead for delivery in far-month July declined by 35 paise or 0.25 per cent to Rs 139.60 per kg in a business turnover of 170 lots.
Metal for delivery in June was trading lower by 10 paise, or 0.07 per cent,at Rs 140.20 per kg in a business volume of one lot.
Marketmen said the fall in lead futures was due to a weak trend overseas as industrial metals retreated amid jitters over Chinese consumption and rising stockpiles, and a drop in steel prices that's fueling negative sentiment across industrial commodities.