Muted demand drags down lead futures by 0.28%

Lead prices softened by 0.28 per cent to Rs 140.85 per kg in futures trading today as traders trimmed their positions amid subdued demand in the spot market.
At the Multi Commodity Exchange, lead for delivery in January shed 40 paise, or 0.28 per cent, to Rs 140.85 per kg, in a business turnover of 420 lots.
Similarly, the metal for delivery in February was trading down by 30 paise, or 0.21 per cent, to Rs 141.40 per kg in four lots.
Marketmen said the fall in lead futures was triggered by a weak trend at the domestic spot markets owing to sluggish demand from consuming industries, particularly battery-makers.