Lead futures drop on soft demand

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Lead futures drop on soft demand
New Delhi, Mar 12 () Lead prices on Thursday drifted lower by 0.42 per cent to Rs 141.70 per kg in futures trade as speculators cut bets on low demand.

On the Multi Commodity Exchange, lead for delivery in May fell by 60 paise, or 0.42 per cent, to Rs 141.70 per kg in 30 lots.

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Analysts said off-loading of positions by participants owing to slackened demand from consuming industries in the physical market mainly exerted pressure on lead prices here. VHP RUJRUJ
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