Lead prices softened by 0.10 per cent to Rs 149 per kg in futures trade today as speculators cut down positions, taking negative cues from domestic spot market on easing demand.
At the Multi Commodity Exchange, lead for delivery in August month fell by 15 paise or 0.10 per cent to Rs 149 per kg in business turnover of 6 lots.
Similarly, the metal for delivery in July contract was down by 10 paise or 0.07 per cent to Rs 148.10 per kg in 642 lots.
Analysts said offloading of positions by traders due to easing demand from battery-makers in the physical market, mainly led to decline in lead prices at futures trade.
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