Lead down 0.2% on global cues, weak demand

Weakness in copper and other base metals at the LME and subdued demand put pressure on the metal

Lead prices softened by 0.25% to Rs 137.75 per kg in futures trading today as speculators reduced positions largely in line with a weak trend overseas amidst subdued demand from battery-makers in the spot market.

At the Multi Commodity Exchange, lead for delivery in August declined by 35 paise, or 0.25%, to Rs 137.75 per kg in a business turnover of 376 lots.

Analysts said weakness in copper and other base metals at the London Metal Exchange and subdued demand from battery-makers in the spot market mainly put pressure on lead prices at futures trade.