Lead prices fell 0.64% to Rs 108.70 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 August eased by 70 paise, or 0.64%, to Rs 108.70 per kg in business turnover of 526 lots.
Metal for delivery in September month contracts shed 70 paise, or 0.63%, to Rs 109.55 per kg in three 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 after Chinese manufacturing weakened in July, hurting demand in the biggest metals user, mainly kept pressure on lead prices at futures trade.
At the Multi Commodity Exchange, lead for delivery in August eased by 70 paise, or 0.64%, to Rs 108.70 per kg in business turnover of 526 lots.
Metal for delivery in September month contracts shed 70 paise, or 0.63%, to Rs 109.55 per kg in three 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 after Chinese manufacturing weakened in July, hurting demand in the biggest metals user, mainly kept pressure on lead prices at futures trade.
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