Lead down by 0.2% on global trend

Subdued demand from battery-makers in the domestic spot market affected lead prices

Tracking a weak trend overseas and subdued domestic demand, lead fell 0.20% to Rs 121.75 per kg in futures trade today after participants reduced exposures.

 

At the Multi Commodity exchange, lead for delivery in July shed 25 paise, or 0.20%, to Rs 121.75 per kg in business turnover of 450 lots.

 

Metal prices for delivery in August fell by 20 paise, or 0.16%, to trade at Rs 122.55 per kg in 20 lots.

 

Market analysts said besides subdued demand from battery- makers in the domestic spot market, a weak trend in metal at the LME after manufacturing in China, the biggest user, weakened, led to a fall in lead futures prices here.