Agri Business

Lead futures extend losses

PTI New Delhi | Updated on January 05, 2011 Published on January 05, 2011

Continuing its slide, lead futures prices on Wednesday fell by 0.55 per cent to Rs 116.90 per kg in tandem with a weak trend in base metals pack overseas.

Weak trend at the spot market due to subdued demand from battery makers, also put pressure on the lead futures prices here.

At the Multi Commodity Exchange counter, lead for January delivery fell by 65 paise or 0.55 per cent to Rs 116.90 a kg, with a business turnover of 51 lots.

Similarly, the metal for delivery in February shed 45 paise or 0.46 per cent to Rs 117.80 a kg with a business volume of five lots.

Meanwhile, at the London Metal Exchange, lead declined by 1.9 per cent to $2,559 a tonne.

A weak trend at the London Metal Exchange as higher dollar reduced appeal for metal and commodities, fall in demand at domestic markets, also led to the fall in prices here.

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Published on January 05, 2011
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