Today, MCX Base metals are trading now very sluggish. Lead prices weakened by nearly 1% to 133 rupees per kg in futures trading today as speculators lowered their positions in the subdued spot market demand.
At MCX, lead for December delivery was trading lower by Rs 1.20 , or 0.85%, to Rs 133 per kg in turnover of 501 lots.
Similarly, the metal for delivery in January lost 10 paise, or 0.07% to 135.55 rupees per kg in 90 lots.
Market observers said speculators lowered their positions because of reduced demand for battery manufacturers on the spot market mainly led to fall in lead prices at futures trading.
MCX Copper is flatter and looks around Rs 458. Aluminum with a sharp drop of 0.77 percent is trading at Rs 109. Nickel gained 0.8 percent and zinc have declined by 0.85 percent on future trading market.