Lead futures shed 0.36%, hurt by muted spot demand

Lead prices were down 0.36 per cent to Rs 150.30 per kg in futures trading today as participants reduced their exposure on the back of subdued demand from consuming industries in the spot market.
At the Multi Commodity Exchange, lead for delivery in August declined by 55 paise, or 0.36 per cent to Rs 150.30 per kg in business turnover of 419 lots.
Metal for delivery in September contracts fell by a similar margin to trade at Rs 151.55 per kg in four lot s.
Marketmen said the weakness in lead futures was due to a sluggish demand from battery-makers at the domestic markets.