Lead futures weaken by 0.16% on subdued demand

Lead prices eased by 0.16 per cent to Rs 153 5 per kg in futures trade today as participants reduced exposure amid tepid demand from consuming industries in the spot market.

At the Multi Commodity Exchange, lead for delivery in April shed 25 paise, or 0.16 per cent, to Rs 153 per kg in business turnover of 10 lots.

Likewise, the metal for delivery in March contracts was trading lower by 10 paise, or 0.07 per cent, to Rs 152.20 per kg in 344 lots.

Analysts said cutting down of positions by traders due to sluggish demand from battery-makers in the spot market led to the slide in lead prices at futures trade.