 "Lead falls by 0.4% on sluggish demand")
Lead prices shed 0.43% to Rs 114.90 per kg in futures trading 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 in March eased by 50 paise, or 0.43%, to Rs 115.75 per kg in business turnover of 2 lots.
Metal for delivery in February month contracts shed 20 paise, or 0.17%, to Rs 114.70 per kg in 147 lots.
Market analysts said besides sluggish demand from battery-makers in the spot market amid a weak trend in the base metals pack at the London Metal Exchange mainly kept pressure on lead prices at futures trade.
At the Multi Commodity exchange, lead for delivery in March eased by 50 paise, or 0.43%, to Rs 115.75 per kg in business turnover of 2 lots.
Metal for delivery in February month contracts shed 20 paise, or 0.17%, to Rs 114.70 per kg in 147 lots.
Market analysts said besides sluggish demand from battery-makers in the spot market amid a weak trend in the base metals pack at the London Metal Exchange mainly kept pressure on lead prices at futures trade.