 "Lead sheds over 1% on weak overseas trend")
Lead prices drifted by 1.53% to Rs 112.60 per kg in futures trading today due to sluggish demand from battery-maker in the spot market amid a weak global trend.
At the Multi Commodity exchange (MCX), the May contract declined Rs 1.75, or 1.53%, to Rs 112.60 per kg in 1,380 lots.
The June contract were down by Rs 1.765, or 1.44%, to Rs 113.20 per kg in 178 lots.
Market analysts said besides sluggish demand from battery- makers in the spot market, a weak trend in base metals pack at the London Metal Exchange (LME) after disappointing Chinese manufacturing data, raising demand concern, mainly kept pressure on lead prices at futures trade.
At the Multi Commodity exchange (MCX), the May contract declined Rs 1.75, or 1.53%, to Rs 112.60 per kg in 1,380 lots.
The June contract were down by Rs 1.765, or 1.44%, to Rs 113.20 per kg in 178 lots.
Market analysts said besides sluggish demand from battery- makers in the spot market, a weak trend in base metals pack at the London Metal Exchange (LME) after disappointing Chinese manufacturing data, raising demand concern, mainly kept pressure on lead prices at futures trade.