Lead futures were trading lower during the noon trade in the domestic market on Wednesday as speculators cut down their positions, taking negative cues from domestic spot market on low demand. Analysts said offloading of positions by traders owing slackened demand from battery-makers in the physical market weighed on lead prices in futures trade.
At the MCX, lead futures for August 2018 contract is trading at Rs 147.40 per kg, down by 0.74 per cent, after opening at Rs 148, against a previous close of Rs 148.50. It touched the intra-day low of Rs 147.15.
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