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Muted demand drags down lead futures by 0.42 pc

Press Trust of India  |  New Delhi 

Lead prices eased by 0.42 per cent to Rs 167.80 per kg in futures market today as speculators reduced their exposure amid tepid demand at the spot markets.

At the Multi Commodity Exchange, lead for delivery in July month fell by 70 paise, or 0.42 per cent to Rs 167.80 per kg in business turnover of 26 lots.

On similar lines, the for delivery in June contract was trading lower by 65 paise, or 0.39 per cent to Rs 167 per kg in 278 lots.

Analysts said offloading of positions by traders owing to slackened demand from battery-makers in the physical market weighed on lead prices in futures trade.

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

First Published: Thu, June 14 2018. 10:55 IST