Lead futures shed 0.60%, hurt by muted spot demand

Lead prices were down 0.60 per cent to Rs 148.10 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 90 paise, or 0.60 per cent to Rs 148.10 per kg in business turnover of 533 lots.
Likewise, the metal for delivery in September contracts shed 60 paise, or 0.40 per cent to Rs 148.90 per kg in 11 lots.
Marketmen said the weakness in lead futures was due to a sluggish demand from battery-makers at the domestic markets.