Lead higher on spot demand, overseas trend

Demand from battery makers took prices higher

Lead prices traded marginally higher by 0.24% to Rs 106.15 per kg in futures trade today on pick-up in demand from battery-makers in the spot market amid a firm trend in overseas markets.

At the MCX, lead for delivery in June traded marginally lower by 25 paise, or 0.24%, to Rs 106.15 per kg in business turnover of 2,559 lots.

The July contract inched up by 20 paise, or 0.19%, to Rs 107 per kg in 169 lots.

Analysts said pick-up in battery makers amid a rise in its prices in global markets helped lead prices to trade higher at futures trade.

Meanwhile, lead rose 0.2% to $1,898.75 a metric tonne on the London Metal Exchange.