Business Standard

Lead down by 0.4% on subdued spot demand

Fall in lead futures prices was attributed to a subdued demand at domestic markets amid a weakening trend

Press Trust of India New Delhi
Tracking weakness in base metals overseas and subdued spot demand, lead prices eased by 0.41% to Rs 133.45 per kg in futures trade as speculators reduced their positions.

At the Multi Commodity Exchange, lead for delivery in March fell 55 paise, or 0.41%, to Rs 133.45 per kg in business turnover of nine lots.

Likewise, the metal for delivery in February shed 50 paise, or 0.38%, to Rs 132.55 per kg in 109 lots.

Marketmen said the fall in lead futures prices was attributed to a subdued demand at domestic markets amid a weakening trend at the London Metal Exchange on slowing manufacturing in China, the world's largest user of base metals.

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First Published: Feb 03 2014 | 10:55 AM IST

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