At the actual Multi Commodity Exchange, February lead get rid of Rs 1. 40, or 1. 32%, in order to Rs 104. 75 per kg, by having an open interest for two lots.
The actual January delivery lost 85 paise, or even 0. 81%, to Rs 104. 10 for each kg, with a trading volume associated with 74 lots.
Market analysts said aside from a weakening trend in base alloys in global markets, sparked by a Fitch Ratings warning it may cut the credit ratings associated with more euro zone nations, subdued household demand mainly pulled down lead futures costs.