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Muted demand drags down lead futures

Press Trust of India  |  New Delhi 

Lead prices fell 0.50 per cent to Rs 159.40 per kg in futures trading today as speculators trimmed their positions, taking negative cues from the spot market on tepid demand.

At the Multi Commodity Exchange, lead for delivery in May was trading lower by 80 paise, or 0.50 per cent to Rs 159.40 per kg in a business turnover of 738 lots.

Likewise, the for delivery in June contracts shed 75 paise, or 0.47 per cent to Rs 160.10 per kg in 10 lots.

Analysts said cutting down of positions by traders owing to slackened demand from battery-makers in the physical markets, mainly influenced 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: Wed, May 16 2018. 11:50 IST