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Lead down 0.30% on low demand

Traders pare positions on lower offtake from battery makers

Press Trust of India New Delhi
Lead prices weakened by 0.30 per cent to Rs 131.30 per kg in futures trading today as speculators trimmed positions on lower demand from battery makers in spot markets.

At the Multi Commodity exchange, lead for delivery in July declined by 40 paise, or 0.30 per cent, to Rs 131.30 per kg in a business turnover of 562 lots.

August lead traded lower by the same margin to Rs 132.55 per kg in 13 lots.

Market analysts said subdued demand from battery-makers in the spot market helped lead prices to trade lower at futures trade.

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First Published: Jul 09 2014 | 12:08 PM IST

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