 "Lead softens 0.11% on global cues, weak demand")
Lead prices softened by 0.11 per cent to Rs 136 per kg in futures trading today as speculators reduced positions largely in line with a weak trend overseas amidst subdued demand from battery-makers in the spot market.
At the Multi Commodity Exchange, lead for delivery in August eased by 15 paise, or 0.11 per cent, to Rs 136 per kg in a business turnover of 84 lots.
Analysts said weakness in copper and other base metals at the Shanghai Futures Exchange and subdued demand from battery-makers in the spot market mainly put pressure on lead prices at futures trade.
Closure of the London Metal Exchange for "Summer Bank Holiday" also weighed on sentiments, they added.
At the Multi Commodity Exchange, lead for delivery in August eased by 15 paise, or 0.11 per cent, to Rs 136 per kg in a business turnover of 84 lots.
Analysts said weakness in copper and other base metals at the Shanghai Futures Exchange and subdued demand from battery-makers in the spot market mainly put pressure on lead prices at futures trade.
Closure of the London Metal Exchange for "Summer Bank Holiday" also weighed on sentiments, they added.
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