Lead futures shed 0.41%, hurt by muted demand

Image
Press Trust of India New Delhi
Last Updated : Sep 29 2015 | 11:07 AM IST
Lead prices slipped 0.41 per cent to Rs 109.35 per kg in futures trade today due to sluggish demand from battery-makers in the spot market amid a weak global trend.
At the Multi Commodity exchange, lead for delivery this month fell 45 paise, or 0.41 per cent, to Rs 109.35 per kg in a business turnover of 149 lots.
Also, the metal for delivery in October month contracts edged lower by 35 paise, or 0.32 per cent to Rs 109.35 per kg in 26 lots
According to analysts, a sluggish demand from battery-makers in the spot market and a weak trend in copper and other base metals at the London Metal Exchange, kept pressure on lead futures here.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 29 2015 | 11:07 AM IST

Next Story