Business Standard

Lead futures down on global cues

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Press Trust of India New Delhi

Taking weak cues from London Metal Exchange, lead prices moved down by 0.18% to Rs 113.60 per kg in futures trade today.   

Slackened demand from battery-makers and other consuming industries at spot markets also put pressure on the lead futures.

At the Multi Commodity Exchange, lead for delivery in June fell by 20 paise, or 0.18% to Rs 113.60 per kg, with a business turnover of 40 lots.

The metal for delivery in May also shed 10 paise, or 0.33% to Rs 1,213.80 per kg, with business volume of 340 lots.

Market analysts said a weak trend in copper and other base metals overseas, pressurised by a stronger dollar and demand concerns, in tandem with subdued domestic demand led to the decline in lead futures prices here.

 

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First Published: May 04 2011 | 2:01 PM IST

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