Business Standard

Lead down 0.2% on global cues, weak demand

Weakness in copper and other base metals at the LME and subdued demand put pressure on the metal

Press Trust of India New Delhi
Lead prices softened by 0.25% to Rs 137.75 per kg in futures trading today as speculators reduced positions largely in line with a weak trend overseas amidst subdued demand from battery-makers in the spot market.

At the Multi Commodity Exchange, lead for delivery in August declined by 35 paise, or 0.25%, to Rs 137.75 per kg in a business turnover of 376 lots.

Analysts said weakness in copper and other base metals at the London Metal Exchange and subdued demand from battery-makers in the spot market mainly put pressure on lead prices at futures trade.

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First Published: Aug 12 2014 | 11:40 AM IST

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