Lead down 0.4% on subdued spot demand, overseas cues

Metal for delivery in March 0.45%

Lead prices eased by 0.49% to Rs 131.50 per kg in futures trade today after speculators reduced exposures amid subdued domestic demand and a weak trend at the London Metal Exchange.

At the Multi Commodity Exchange, lead for delivery in February fell 65 paise, or 0.49%, to Rs 131.50 per kg in business turnover of 105 lots.

Also, the metal for delivery in March shed 40 paise, or 0.45%, to Rs 132.65 per kg in 12 lots.

Marketmen said the fall in lead futures prices was attributed to a weak trend in copper and other base metals at the London Metal Exchange on China's slowing consumption and low demand from domestic battery-makers.