NEW DELHI, Sept 15: Lead prices fell 0.58 per cent in futures trading today as speculators lightened positions, tracking a weak trend overseas and decline in demand from battery-makers in the domestic spot market.
At the Multi Commodity exchange, lead for delivery in September traded lower by 75 paise, or 0.58 per cent, to Rs 128.85 per kg in a business turnover of 101 lots.
Globally, lead for delivery in three months declined by 0.6 per cent to USD 2,110 per tonne at the London Metal Exchange.
Market analysts said apart from subdued demand from battery-makers in the domestic spot market, weak cues from global market after factory and retail-sales data signalled further slowing in China, the world’s biggest user, put pressure on lead futures here. (PTI)
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