Lead futures advance marginally on spot demand

Lead prices on Wednesday traded higher by 15 paise to Rs 154.80 per kg in futures trade as participants built up fresh positions driven by pick-up in demand in spot market.

On the Multi Commodity Exchange, lead for delivery in November edged higher by 15 paise, or 0.10 per cent, to Rs 154.80 per kg in a business volume of 913 lots.

Lead contracts for December delivery traded up by 20 paise, or 0.13 per cent, to Rs 155.10 per kg in a business turnover of 58 lots.

Market analysts said fresh positions created by traders due to upsurge in demand by battery-makers in physical market mainly helped lead prices to trade higher.