Business Standard

Lead down on global trend by 0.25%, subdued domestic demand

Analysts said that subdued demand from battery-makers in the domestic spot market led to a fall in lead futures prices.

Press Trust of India New Delhi
Tracking a weak trend overseas and subdued domestic demand, lead fell 0.25% to Rs 122.05 per kg in futures trade today after participants reduced their exposures.
 
At the Multi Commodity exchange, lead for delivery in July shed 30 paise, or 0.25%, to Rs 122.05 per kg in business turnover of 951 lots.
 
Metal prices for delivery in the August also fell by 30 paise, or 0.24% to trade at Rs 123 per kg in 33 lots.
 
Analysts said that subdued demand from battery-makers in the domestic spot market led to a fall in lead futures prices. 
 
 
A weak trend in base metals following unexpected fall in China's exports and imports, is fuelling concerns that slowing economic growth will hurt metals demand in the world's largest user. 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 10 2013 | 11:10 AM IST

Explore News