Lead eases on global cues

Lead prices fell by Rs 2 per kg at the local non-ferrous metals market today on weak global trend.
Traders said sentiments in lead turned weak after the metal fell in global markets as investors viewed yesterday's rally by the most in more than 10 months as excessive amid increasing stockpiles.
Meanwhile, lead for delivery in three months retreated 0.8 per cent to USD 2,260 a tonne on the London Metal Exchange.
In the national capital, lead ingot and lead imported were down by Rs 2 each to Rs 109 and Rs 107 per kg, respectively.
Following are today's metal rates (in Rs per kg):

Zinc ingot 115-121, Nickel plate (4x4) 1,088-1,094, Gun metal scrap 227, Bell metal scrap 229, Copper mixed scrap 432, Chadri deshi 285.
Lead ingot 109, Lead imported 107, Aluminium ingots 159, Aluminium sheet cutting 160, Aluminium wire scrap 162 and Aluminium utensils scrap 159.