Lead futures trade lower on subdued demand

NEW DELHI, Apr 17: Lead prices traded marginally lower by 0.61 per cent to Rs 106.75 per kg in futures trade today owing to slackened demand amid weakening global trend.
At the Multi Commodity Exchange, lead for delivery in April traded marginally lower by 65 paise, or 0.61 per cent, to Rs 106.75 per kg in business turnover of 2,461 lots.
Market analysts said apart from weakening global trend, subdued demand from battery-makers in the spot market mainly led to decline in lead prices at futures trade.
Meanwhile, lead fell 0.4 per cent to USD 2,069 a tonne on the London Metal Exchange. (PTI)