 "Lead softens by 0.3% on global cues")
Taking weak cues from overseas markets and subdued demand at domestic spot markets, lead prices softened by 0.32% to Rs 125.10 per kg in futures trading today as speculators reduced positions.
At the Multi Commodity Exchange, lead for delivery in December eased by 40 paise, or 0.32%, to Rs 125.10 per kg in a business turnover of 151 lots.
Also, metal for delivery in January 2015 eased by 15 paise, or 0.12%, to Rs 126 per kg in busienss turnover of 9 lots.
Analysts said weakness in copper and other base metals at the London Metal Exchange on concern demand is slowing in China, world's largest user of industrial metals and subdued demand from battery-makers in the dometic spot market mainly put pressure on lead prices at futures trade.
At the Multi Commodity Exchange, lead for delivery in December eased by 40 paise, or 0.32%, to Rs 125.10 per kg in a business turnover of 151 lots.
Also, metal for delivery in January 2015 eased by 15 paise, or 0.12%, to Rs 126 per kg in busienss turnover of 9 lots.
Analysts said weakness in copper and other base metals at the London Metal Exchange on concern demand is slowing in China, world's largest user of industrial metals and subdued demand from battery-makers in the dometic spot market mainly put pressure on lead prices at futures trade.
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