Lead futures trade higher by 0.52% on spot cues

Lead prices were up by 0.52 per cent to Rs 155.70 per kg in futures trading today as speculators built up fresh positions, taking positive cues from spot market on improved demand in the spot market.

At the Multi Commodity Exchange, lead for delivery in April edged higher by 80 paise, or 0.52 per cent, to Rs 155.70 per kg in a business turnover of 782 lots.

Similarly, the metal for delivery in May was trading higher by 55 paise, or 0.35 per cent, to Rs 156.40 per kg in 20 lots.

Market analysts said fresh positions created by traders due to upsurge in demand by battery-makers in the physical markets attributed to the rise in lead prices in futures trade.