Lead futures extend losses, down 1.42% on fall in demand

Falling for the fourth straight day, lead prices eased further by 1.42 per cent to Rs 145.55 per kg in futures market today as traders engaged in trimming their positions, driven by a fall in demand in the spot market.
At the Multi Commodity Exchange, lead for delivery in January fell by Rs 2.10, or 1.42 per cent, to Rs 145.55 per kg, in a business turnover of 22 lots.
On similar lines, the metal for delivery in December traded lower by Rs 2, or 1.36 per cent, to Rs 144.80 per kg in 1,336 lots.
Analysts said trimming of positions by participants owing to slackened demand from battery-makers at the domestic markets, mainly kept lead prices lower at futures trade.