 "Lead falls by 0.5% on global cues")
Lead prices weakened by 0.46% to Rs 111 per kg in futures trading today as participants reduced their exposures.
Furthermore, sluggish demand from battery makers in the spot market weighed on prices.
At the Multi Commodity exchange, lead for delivery in October eased by 45 paise, or 0.46%, to Rs 111 per kg in a business turnover of 17 lots.
Market analysts said besides sluggish demand from battery makers in the spot market, a weak trend in copper and other base metals was seen at the London Metal Exchange (LME) after a private gauge of manufacturing in China for September fell to the lowest since March 2009.
At the LME, lead declined 1%.
Furthermore, sluggish demand from battery makers in the spot market weighed on prices.
At the Multi Commodity exchange, lead for delivery in October eased by 45 paise, or 0.46%, to Rs 111 per kg in a business turnover of 17 lots.
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The metal for delivery in current month shed 35 paise, or 0.32%, to Rs 110 per kg in 485 lots.
Market analysts said besides sluggish demand from battery makers in the spot market, a weak trend in copper and other base metals was seen at the London Metal Exchange (LME) after a private gauge of manufacturing in China for September fell to the lowest since March 2009.
At the LME, lead declined 1%.
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