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Lead sheds 0.13% on muted demand

sluggish offtake from battery makers in spot market drags prices down in futures trade

Lead sheds 0.13% on muted demand
Press Trust of India New Delhi
Last Updated : Dec 07 2015 | 12:03 PM IST
Lead prices slipped 0.13 per cent to Rs 113.45 per kg in futures trade today due to sluggish demand from battery-makers in the spot market.

At the Multi Commodity exchange, lead for delivery January 2016 contract fell 15 paise or 0.13 per cent to Rs 113.45 per kg in a business turnover of four lots.

The current month contract edged lower by 10 paise or 0.09 per cent to Rs 112.75 per kg in 170 lots.

According to analysts, a sluggish demand from battery-makers in the spot market mainly kept pressure on lead futures here.

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First Published: Dec 07 2015 | 10:57 AM IST

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