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Lead futures soften 0.40 pc on tepid demand

Press Trust of India  |  New Delhi 

Lead prices were trading lower by 0.40 per cent to Rs 149.40 per kg in futures trading today as speculators trimmed positions, driven by sluggish demand in the spot market.

At the Multi Commodity Exchange, lead for delivery in March shed 60 paise, or 0.40 per cent, to Rs 149.40 per kg in business turnover of 6,499 lots.

Likewise, the metal for delivery in April was trading down by 35 paise, or 0.23 per cent to Rs 150.10 per kg in 83 lots.

Market analysts said, offloading positions by participants due to subdued demand from battery-makers in the domestic spot market and weakness in base metals in global markets, mainly led to decline in lead prices at futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, March 20 2017. 16:57 IST