Lead futures soften 0.20% on global cues, weak demand

NEW DELHI, Nov 26:  Lead prices softened by 0.20 per cent to Rs 126.30 per kg in futures trading today as speculators reduced positions on a weak trend overseas amidst subdued demand from battery-makers in the spot market.
At the Multi Commodity Exchange, lead for delivery in current month contracts declined by 25 paise, or 0.20 per cent, to Rs 126.30 per kg in a business turnover of 160 lots.
On similar lines, the metal for delivery next month fell by 15 paise, or 0.12 per cent, to Rs 127.35 per kg in business volume of 14 lots.
Analysts said weakness in copper and other base metals at the London Metal Exchange before durable goods data from the US, the second-largest metals consumer and subdued demand from battery-makers in the spot market mainly put pressure on lead prices at futures trade. (PTI)

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