Lead weakens on global cues

In thin trading lead prices were down by Rs 2 per kg at the non-ferrous metal market today on reduced offtake by consuming industries amid a weak global trend.
However, other base metals traded in a tight range in limited deals and settled at last levels.
Traders said sentiment in lead turned weak after it fell in global markets, amid signs of weakening demand from the US and China, the world's biggest metals consumers.
Meanwhile, lead for delivery in three months fell 0.2 per cent to USD 1,923.50 a metric tonne on the London Metal Exchange.
In the national capital, lead ingots and lead imported were eased by Rs 2 each to Rs 106 and Rs 107 per kg respectively.

Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 114-120, Nickel plate (4x4) Rs 1,020-1,025, Gun metal scrap Rs 227, Bell metal scrap Rs 229, Copper mixed scrap Rs 404, Chadri deshi Rs 285.
Lead ingot Rs 106, Lead imported Rs 107, Aluminium ingots Rs 157, Aluminium sheet cutting Rs 158, Aluminium wire scrap Rs 160 and Aluminium utensils scrap Rs 157.