Lead futures fell during noon trade in the domestic market on Friday as investors and speculators exit positions in the industrial metal amid weak physical demand for lead from battery-makers in the domestic spot market.

Weak economic data from the US cast doubts over the outlook for metal demand in the world’s biggest economy as US industrial production fell 0.4 per cent in August from July, retail sales declined 0.3 per cent in the same period, while unemployment claims rose 1,000 to 260,000 last week.

At the MCX, lead futures for September 2016 contract is trading at Rs 129.35 per kg, down by 0.31 per cent, after opening at Rs 129.65, against a previous close of Rs 129.75. It touched the intra-day low of Rs 128.95.

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