text: Lead futures soften on sluggish demand - Economic Times
  You are here: Home>Collections>Spot MarketLead futures soften on sluggish demandPTI Jan 24, 2013, 11.59AM ISTTags:spot market|Multi Commodity Exchange|London Metal Exchange|lead|futures trade NEW DELHI: Lead prices edged lower by 0.28 per cent to Rs 126.80 per kg in futures trade today, after speculators reduced their exposures amid a weak trend overseas. Besides, sluggish demand from battery-makers in the spot market also put pressure on the prices. At the Multi Commodity exchange, lead for delivery in February shed 35 paise, or 0.28 per cent to Rs 126.80 per kg in business turnover of 372 lots.
  Likewise, the metal for delivery in January declined by 25 paise, or 0.20 per cent to Rs 126.40 per kg in a turnover of 1,674 lots. Market analysts besides a weak trend in base metals at the London Metal Exchange even as China's preliminary manufacturing data for January that exceeded estimates, sluggish demand from battery-makers in the spot market, also put pressure on the lead futures prices. FEATURED ARTICLESJEE (Main) results for 2013 declaredWhy NPS is the best way to plan for your retirementHow to choose a term insurance planMore:How to choose a term insurance planLow-cost Aakash Tablet 3 to have SIM card slot, faster processor and Android & Linux platformsHow to pick the right AC and get the most from itLIC launches two new insurance policiesGold prices continue to crash: No need for Indian investors to worry?'Government to create employment bank where everybody will get job'
  RELATED ARTICLESLead futures weaken on sluggish demandJune 7, 2012Lead futures down on sluggish demandOctober 1, 2012Lead futures soften on weak overseas trend, sluggish demandJanuary 9, 2013IN-DEPTH COVERAGESpot Market© 2013 Bennett, Coleman & Co. Ltd. All rights reservedIndex by Keyword|Index by Datewww.economictimes.comFeedback|Privacy Policy|Terms of Use|Advertise with us