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Lead sheds 0.38% on sluggish demand, overseas trend

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 2:54 AM IST

Lead futures fell 0.38% to Rs 105.45 per kg today on sluggish demand from battery makers in the spot market amid weak cues from global markets.

At the Multi Commodity Exchange, the May delivery traded lower by 40 paise, or 0.38% to Rs 105.45 per kg in business turnover of 47 lots.

The April contract shed 30 paise, or 0.29%, to Rs 104.30 per kg in a turnover of 712 lots.

Market analysts said sluggish demand from battery-makers in the spot market amid a weak trend at the London Metal Exchange (LME) mainly put pressure on the lead futures prices here.

Globally, lead declined 0.4% to $2,009.75 per tonne at the LME.

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First Published: Apr 11 2012 | 11:11 AM IST

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