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Lead futures decline on sluggish spot demand

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Press Trust of India New Delhi

Lead prices fell by 0.82% to Rs 108.70 per kg in futures trade today amid a weak trend in base metals at the London Metal Exchange (LME) amid subdued demand from consuming industries.

At the Multi Commodity Exchange, October lead fell by 90 paise, or 0.82%, to Rs 108.70 per kg, with a business turnover of 89 lots.

The September contract fell by 80 paise to Rs 108.50 per kg, with a business turnover of 1,085 lots.

At the LME, lead futures traded slightly changed at $2,220 per tonne.

Marketmen said a weak trend in copper and other industrial metals at the LME and slackened demand at the spot market from battery makers and other consuming industries led to a fall in lead futures prices here.

 

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First Published: Sep 22 2011 | 3:31 PM IST

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