Lead futures extend gains, up 0.11% on strong demand

Extending its rising streak for the third straight day, lead prices were up by another 0.11 per cent to Rs 135.65 per kg in futures trade today as speculators engaged in enlarging positions amid rising demand in the spot market.
At the Multi Commodity Exchange, lead for delivery in June traded higher by 15 paise, or 0.11 per cent to Rs 135.65 per kg in business turnover of 355 lots.
Likewise, the metal for delivery in July contracts edged up by 10 paise, or 0.07 per cent to Rs 136.30 per kg in 4 lots.
Analysts said, expanding of positions by participants due to pick up in demand from battery-makers in the physical market, mainly kept lead prices higher at futures trade.