Don’t miss the latest developments in business and finance.

Lead futures down 0.19% on subdued demand, global cues

Image
Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 1:22 AM IST

Amid a weak trend overseas and subdued demand from battery makers in the spot market, lead futures prices weakened by 0.19% to Rs 107.60 per kg today.

At the Multi Commodity Exchange, lead for delivery in December weakened by 20 paise, or 0.19%, to Rs 107.60 per kg, with a business turnover of 568 lots.

Likewise, the metal for delivery in January traded lower by 20 paise, or 0.18%, to Rs 108.50 per kg, with a trade volume of 568 lots.

Analysts said apart from subdued demand from battery- makers in the domestic spot market, a weakening trend at the London Metal Exchange (LME) also kept pressure on the lead prices at futures trade.

Meanwhile, lead decreased 0.9% to $2,092 a tonne at the LME.

More From This Section

First Published: Dec 05 2011 | 11:27 AM IST

Next Story