Lead futures down 0.40 pc on subdued spot demand

Lead eased by 0.40 per cent to Rs 137 per kg in futures trade today as participants cut down their bets amid muted demand at the domestic spot market and a weak trend at the London Metal Exchange (LME).
At the Multi Commodity Exchange, lead for delivery in October was trading 55 paise or 0.40 per cent down at Rs 137 per kg in a business turnover of 384 lots.
The metal for delivery November also fell by 50 paise or 0.36 per cent to trade at Rs 137.65 per kg with a business volume of 122 lots.
Marketmen said apart form muted demand from battery-makers at domestic markets, a weak trend in select base metals at the LME mainly kept pressure on lead futures here.