Lead weakens marginally on global cues

Subdued demand from battery-makers also affected prices

Lead prices shed 0.04% to Rs 134.15 per kg in futures trading today as speculators trimmed positions amidst a weak global trend and subdued demand from battery-makers in the spot market.

At the Multi Commodity exchange, lead for delivery in August eased by five paise, or 0.04%, to Rs 134.15 per kg in a business turnover of four lots.

The metal for delivery in September fell by a similar margin to trade at Rs 134.85 per kg in four lot.

Analysts said besides low demand from battery-makers in the domestic spot market, a weak trend in the metal at the London Metal Exchange (LME), weighed on lead futures here.