Agri Business

Lead futures shed on lower offtake

PTI New Delhi | Updated on January 10, 2011

In range-bound thin trade, lead futures on Monday fell by 0.17 per cent to Rs 120.65 a kg, as speculators reduced their positions, driven by a weak demand at domestic spot markets.

At the Multi Commodity Exchange counter, lead for January delivery fell by 20 paise, or 0.17 per cent, to Rs 120.65 a kg, with a business turnover of 1,115 lots.

Similarly, the metal for delivery in February, shed 15 paise, or 0.12 per cent to Rs 121.35 a kg, with a business volume of 73 lots.

Market analysts said offloading of positions by speculators, triggered by weak demand at the domestic spot markets, kept pressure on the lead futures prices.

Published on January 10, 2011

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