Lead weakens on sluggish demand, global cues

In thin trading, lead prices fell by Rs 2 per kg in the local non-ferrous metals market today largely due to weak demand from battery-makers.
However, copper,nickel and other base metals continued to trade at previous levels on some support.
Traders said the fall in lead prices was mostly attributed to sluggish demand from domestic battery-makers and a weak trend in global markets.
In Delhi, lead ingot and lead imported traded Rs 2 each lower at Rs 120 and Rs 118 per kg respectively.
Copper mixed scrap and nickel (4x4) were unaltered at Rs 442 and Rs 1,091-1,095 per kg, respectively on some support.

Zinc ingot, lead ingot and lead imported were also traded lower by Rs 2 each to Rs 113-119, Rs 122 and Rs 120 per kg, respectively.

Following are today's metal rates per kg:
Zinc ingot 113-119, nickel plate (4x4) 1,091-1,092 gun metal scrap 227, bell metal scrap 229, copper mixed scrap 442, chadri deshi 285.
Lead ingot 120, lead imported 118, aluminium ingots 152, Aluminium sheet cutting 153, aluminium wire scrap 155 and aluminium utensils scrap 152.