Lead inches up in futures trade on spot demand

Demand picks up from battery makers in the spot market

Lead prices inched up by 0.10% to Rs 104.55 per kg in futures trade today due to pick up in demand from battery makers in the spot market.

At the Multi Commodity Exchange, the July contract traded marginally higher by 10 paise, or 0.10%, to Rs 104.55 per kg, with a business turnover of 1,120 lots.

The August contract edged up by 10 paise, or 0.09%, to Rs 105.65 per kg in 42 lots.

Market analysts said mild demand from battery makers in the spot market mainly helped lead futures to trade higher.