Lead futures decline 0.15 pc on weak demand

NEW DELHI, July 15:  In restricted movements, lead prices eased by 0.15 per cent to Rs 131.75 per kg in futures trading today as speculators reduced positions due to subdued demand from battery-makers in the spot market.
At the Multi Commodity exchange, lead for delivery in July traded lower by 20 paise, or 0.15 per cent to Rs 131.75 per kg in business turnover of 376 lots.
Likewise, the metal for delivery in August contracts shed 15 paise, or 0.11 per cent to Rs 132.85 per kg in 9 lots.
Market analysts attributed the weakness in lead futures to sluggish demand from battery-makers in the spot market. (PTI)

LEAVE A REPLY

Please enter your comment!
Please enter your name here