Lead futures slip 0.35% as demand declines

Lead prices eased by 0.35 per cent to Rs 158.20 per kg in futures market today as speculators cut down bets, driven by easing demand at the spot market.

At the Multi Commodity exchange, lead for delivery in November shed 55 paise, or 0.35 per cent to Rs 158.20 per kg in a business turnover of 858 lots.

In a similar fashion, the metal for delivery in December contracts was trading lower by 35 paise, or 0.22 per cent to Rs 158.80 per kg in 69 lots.

Market analysts said offloading of positions by participants due to fall in demand from battery-makers at the domestic spot market, mainly helped lead prices to trade lower at futures trade.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)