Lead down by 0.3% on global cues

Subdued demand from battery-makers also affected prices

Lead eased by 0.27% to Rs 110.10 per kg in futures trade today in tandem with a weakening trend in base metals at the London Metal Exchange (LME).

At the Multi Commodity Exchange, lead for delivery in August was trading 30 paise or 0.27% down at Rs 110.10 per kg in a business turnover of 79 lots.

The metal for delivery this month (July) also fell by 25 paise, or 0.23%, to Rs 109.15 per kg with a business volume of 300 lots.

Marketmen said a weak trend in base metals at the LME as a surging dollar and speculation that demand in China remained weak, and subdued demand from battery-makers at domestic markets, mainly kept pressure on lead futures here.