Lead futures soften on sluggish demand

Prices softened due to sluggish demand from battery-makers in the spot market

Lead prices softened by 0.25% to Rs 119.75 per kg in futures trade today due to sluggish demand from battery-makers in the spot market.

At the Multi Commodity exchange, lead for delivery in January month softened by 30 paise, or 0.25% to Rs 119.75 per kg in business turnover of 34 lots.

Likewise, the metal for delivery in December contract shed 15 paise, or 0.12% to Rs 120.25 per kg in 558 lots.

Market analysts attributed the decline in lead futures to sluggish demand from battery-makers in the spot market.