Lead falls by 0.3% on global cues

Subdued demand at domestic spot markets also affected prices

Lead prices eased by 0.30% to Rs 115.20 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 this month shed 35 paise, or 0.30%, to Rs 115.20 per kg in a business turnover of 111 lots.

Marketmen said a weak trend in base metals pack at the LME after data showed China's factory activity unexpectedly contracted, fuelling speculation demand may weaken in the world's biggest user of metals, and subdued demand from battery makers at domestic markets, mainly kept pressure on lead futures here.