 "Lead falls by 0.2% on sluggish demand")
Lead prices fell 0.18% to Rs 110.90 per kg in futures trading today due to sluggish demand from battery-makers in the spot market amid a weak global trend.
At the Multi Commodity Exchange, lead for delivery in current month eased by 20 paise, or 0.18%, to Rs 110.90 per kg in business turnover of 214 lots.
Metal for delivery in January next year month contracts shed 15 paise, or 0.13%, to Rs 111.65 per kg in six lots.
Analysts said besides sluggish demand from battery-makers in the spot market, a weak trend in select base metals overseas amid concerns about demand from China and the prospect of an imminent US rate hike mainly kept pressure on lead prices at futures trade.
At the Multi Commodity Exchange, lead for delivery in current month eased by 20 paise, or 0.18%, to Rs 110.90 per kg in business turnover of 214 lots.
Metal for delivery in January next year month contracts shed 15 paise, or 0.13%, to Rs 111.65 per kg in six lots.
Analysts said besides sluggish demand from battery-makers in the spot market, a weak trend in select base metals overseas amid concerns about demand from China and the prospect of an imminent US rate hike mainly kept pressure on lead prices at futures trade.