Lead futures fall over 1% on subdued demand, global cues

Lead prices fell 1.06 per cent to Rs 135.95 per kg in the evening session of futures trading today as speculators reduced positions following fall in demand from battery makers in the spot market.
Besides, a weak trend overseas fuelled the downtrend.
At the Multi Commodity Exchange (MCX), lead for delivery in July declined by Rs 1.45, or 1.06 per cent, to Rs 135.95 per kg in a business turnover of 1,403 lots.
Likewise, the metal for delivery in August traded lower by Rs 1.40, or 1.01 per cent, to Rs 136.60 per kg in 322 lots.
MCX remained closed for trading in morning session for "Id-ul-Fitr.

Market analysts said offloading of positions by speculators on the back of fall in demand from battery makers in the spot market, weighed on lead futures here.
Meanwhile, lead fell 1.1 per cent to USD 2,276 per tonne on the London Metal Exchange.