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Lead remains weak on sluggish demand

The January contract traded lower by 30 paise, or 0.24% to Rs 126.80 per kg

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Press Trust of India New Delhi

Lead remained weak for the second day and prices traded lower by 0.28% to Rs 126.60 per kg in futures trade today as speculators offloaded positions on subdued demand in the spot market.

At the Multi Commodity Exchange, December lead declined by 35 paise, or 0.28% to Rs 126.60 per kg in business turnover of 3962 lots.

The January contract traded lower by 30 paise, or 0.24% to Rs 126.80 per kg in 622 lots.

Market analysts said subdued from battery-makers in the spot market and reports of a weak global trend mainly kept pressure on lead futures.

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First Published: Dec 20 2012 | 12:30 PM IST

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