Lead futures shed 0.17% on weak spot cues

NEW DELHI, Aug 13: Lead prices eased by 0.17 per cent to Rs 145.65 per kg in futures trade today as speculators cut bets, taking negative cues from spot market on easing demand.
At the Multi Commodity Exchange, lead for delivery in September declined by Rs 25 paise, or 0.17 per cent, to Rs 145.65 per kg in a business turnover of 4 lots.
Likewise, the metal for delivery in August traded lower by 10 paise, or 0.07 per cent, to Rs 144.80 per kg in 532 lots.
Analysts said, off-loading of positions by participants owing to slackened demand from consuming industries in the physical market mainly weighed on lead prices down at futures trade. (PTI)