Lead falls 0.9% on global cues

Falling spot market demands influenced lead futres

Lead futures for March declined Rs 1.20, or 0.92% to Rs 129 per kg in business turnover of 1763 lots.

At the Multi Commodity Exchange (MCX), the February contract shed Rs 1.15, or 0.89% to Rs 128.50 per kg in 13,260 lots.

Prices dropped as speculators  reduced offtake.

Weak global trend and falling spot market demands influenced the lead futres.

On the London Metal Exchange (LME), lead fell 0.5% to $2,379.75 a tonne.