Lead sheds 0.23% on sluggish demand, global cues
The December contract is down 25 paise, or 0.20%, to Rs 127.75 per kg in 209 lots
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Lead prices shed 0.23% to Rs 128.95 per kg in futures trading today due to sluggish demand from battery-makers in the spot market amid a weak global trend.
At the Multi Commodity exchange, lead for delivery in January declined 30 paise, or 0.23%, to Rs 128.95 per kg in business turnover of 10 lots.
Similarly, the December contract is down 25 paise, or 0.20%, to Rs 127.75 per kg in 209 lots.
Market analysts said besides sluggish demand from battery-makers in the spot market amid a weak trend in base metals overseas on concerns the US Federal Reserve may start trimming its stimulus sonner than estimated, mainly kept pressure on lead prices at futures trade.
At the Multi Commodity exchange, lead for delivery in January declined 30 paise, or 0.23%, to Rs 128.95 per kg in business turnover of 10 lots.
Similarly, the December contract is down 25 paise, or 0.20%, to Rs 127.75 per kg in 209 lots.
Market analysts said besides sluggish demand from battery-makers in the spot market amid a weak trend in base metals overseas on concerns the US Federal Reserve may start trimming its stimulus sonner than estimated, mainly kept pressure on lead prices at futures trade.
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First Published: Dec 06 2013 | 11:13 AM IST