Business Standard

Lead futures remain weak on sluggish demand

Image

Press Trust of India New Delhi

Lead futures prices declined further by 0.17% to Rs 114.50 per kg today due to sluggish demand from battery makers in the spot market. 

At the Multi Commodity Exchange, lead for September delivery shed 20 paise, or 0.17%, to Rs 114.50 per kg, with a business turnover of 60 lots.

Similarly, the metal for August delivery traded lower by 10 paise, or 0.09%, to Rs 113.90 per kg, with a trade volume of 1,031 lots.

Analysts said sluggish demand from battery makers in the spot market mainly led to decline in lead futures prices.

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

First Published: Aug 03 2011 | 2:34 PM IST

Explore News