 "Lead down by 0.4% on subdued spot demand")
Lead prices eased by 0.44% to Rs 114.40 per kg in futures trade today as speculators trimmed positions on weakness in base metals overseas and subdued domestic spot demand.
At the Multi Commodity Exchange, lead for delivery in March fell by 50 paise, or 0.44%, to Rs 114.40 per kg in a business turnover of 311 lots.
Likewise, the metal for delivery in April shed 50 paise, or 0.43%, to Rs 114.75 per kg in 17 lots.
Marketmen said the fall in lead futures was due to subdued demand from battery-makers in domestic markets and a weakening trend in most base metals at the London Metal Exchange after data showing manufacturing slumped to 11-month low in March in China, the world's biggest consumer.
At the Multi Commodity Exchange, lead for delivery in March fell by 50 paise, or 0.44%, to Rs 114.40 per kg in a business turnover of 311 lots.
Likewise, the metal for delivery in April shed 50 paise, or 0.43%, to Rs 114.75 per kg in 17 lots.
Marketmen said the fall in lead futures was due to subdued demand from battery-makers in domestic markets and a weakening trend in most base metals at the London Metal Exchange after data showing manufacturing slumped to 11-month low in March in China, the world's biggest consumer.