Lead futures down 0.27% on global cues, subdued spot demand

NEW DELHI, July 31: Lead eased by 0.27 per cent to Rs 110.10 per kg in futures trade today in tandem with a weakening trend in base metals at the London Metal Exchange (LME).

At the Multi Commodity Exchange, lead for delivery in August was trading 30 paise or 0.27 per cent down at Rs 110.10 per kg in a business turnover of 79 lots.

The metal for delivery this month (July) also fell by 25 paise, or 0.23 per cent, to Rs 109.15 per kg with a business volume of 300 lots.

Marketmen said a weak trend in base metals at the LME as a surging dollar and speculation that demand in China remained weak, and subdued demand from battery-makers at domestic markets, mainly kept pressure on lead futures here. (PTI)

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