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Lead futures down on sluggish demand

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 2:22 AM IST

In range-bound movements, lead prices fell marginally by 0.12% in futures trade today as speculators kept their positions restricted in the absence of positive cues from overseas markets. 

Subdued demand from battery-makers and other consuming industries at the physical markets also put pressure on the lead futures prices.

At the Multi Commodity Exchange, lead for August delivery fell by 15 paise, or 0.12%, to Rs 120.30 per kg, with a business turnover of 245 lots. 

The metal for July delivery also eased by 10 paise, or 0.08%, to Rs 119.45 per kg, with a business volume of 1,582 lots.  

Market analysts said subdued demand from consuming industries at the spot markets and lack of any encouraging from global market mainly kept pressure on the lead futures prices.

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First Published: Jul 27 2011 | 2:03 PM IST

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