 "Lead sheds 0.3% on global trends")
Lead prices shed 0.27% to Rs 108.20 per kg in futures trading today, tracking a weak trend overseas amid sluggish demand from battery-makers in the spot market.
At the Multi Commodity exchange (MCX), the June contract declined 30 paise, or 0.27%, to Rs 108.20 per kg in 83 lots.
The May contract was down 25 paise, or 0.23%, to Rs 107.60 per kg in 1,424 lots.
Meanwhile, lead declined 0.50% to $1,969 a tonne on the London Metal Exchange (LME).
At the Multi Commodity exchange (MCX), the June contract declined 30 paise, or 0.27%, to Rs 108.20 per kg in 83 lots.
The May contract was down 25 paise, or 0.23%, to Rs 107.60 per kg in 1,424 lots.
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Market analysts said besides sluggish demand from battery- makers in the spot market amid a weak global trend on concerns that demand from China, the US and Germany, the largest users, is weakening, mainly kept pressure on lead futures prices.
Meanwhile, lead declined 0.50% to $1,969 a tonne on the London Metal Exchange (LME).