NEW DELHI, Aug 14: Lead prices weakened 0.26 per cent to Rs 113.25 per kg in futures trade today as speculators offloaded positions prompted by subdued demand in the spot market amid a weak trend in base metals at the London Metal Exchange (LME).
At Multi Commodity Exchange, lead for delivery in August shed 30 paise, or 0.26 per cent, to Rs 113.25 per kg in a business turnover of 223 lots.
Metal for delivery in September contracts fell a similar margin to trade at Rs 114.20 per kg in four lots.
Market analysts said a weak trend in the base metal pack at LME after yuan’s devaluation shook up commodity market and repriced the value of China’s imports and exports of raw materials and a weak demand from battery-makers in the spot market led to the fall in lead prices. (PTI)
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