 "Lead softens on sluggish demand, weak global cues")
Lead prices edged lower by 0.44 per cent to Rs 135.65 per kg in futures trade today, after speculators reduced their exposures amid a weak demand in the spot markets and metal's weakness at the London Metal Exchange.
At the Multi Commodity exchange, lead for delivery in current month contracts shed 60 paise, or 0.44 per cent to Rs 135.65 per kg in business turnover of 336 lots.
January lead shed 55 paise, or 0.40 per cent to Rs 137.05 per kg in a turnover of 19 lots.
Analysts said a weak trend in the spot markets due to reduced demand from battery-makers and weakness in metal at the LME, weighed on the lead futures prices here.
At the Multi Commodity exchange, lead for delivery in current month contracts shed 60 paise, or 0.44 per cent to Rs 135.65 per kg in business turnover of 336 lots.
January lead shed 55 paise, or 0.40 per cent to Rs 137.05 per kg in a turnover of 19 lots.
Analysts said a weak trend in the spot markets due to reduced demand from battery-makers and weakness in metal at the LME, weighed on the lead futures prices here.