Lead softens in futures trade

PTI New Delhi | Updated on June 27, 2011

Amid weak trend overseas and subdued domestic demand, lead prices weakened by over one per cent in futures trade.

At the Multi Commodity Exchange, lead for delivery in August lost by Rs 1.20 or 1.03 per cent to Rs 115.30 per kg with a business turnover of one lot.

Likewise, the metal for delivery in June traded lower by a rupee or 0.87 per cent to Rs 114.253 per kg with a trade turnover of 1,138 lots.

Meanwhile, lead declined by one per cent to $2,555 a tonne on the London Metal Exchange.

Analysts said a weak trend in base metals at the London Metal Exchange on stronger dollar and slackness in demand from battery makers and other consuming industries at domestic spot markets, kept pressure on the lead prices at futures trade here.

Published on June 27, 2011

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor