 "Lead up 0.04% on firm spot demand, global cues")
Tracking a firming trend in the global markets and rising spot demand, lead futures prices today rose marginally by 0.04% to Rs 126.60 per kg as participants enlarged positions.
At the Multi Commodity Exchange, lead for delivery in October traded 5 paise, or 0.04%, higher at Rs 126.60 per kg, with a turnover of 611 lots.
The metal for delivery in November also rose by a similar margin to Rs 127.75 per kg with a turnover of 11 lots.
Traders said besides demand from battery-makers, a firming trend in the entire base metal pack at the London Metal Exchange (LME) ahead of Chinese trade data that may show sustained demand from the biggest metals user, influenced lead futures prices here.
At the Multi Commodity Exchange, lead for delivery in October traded 5 paise, or 0.04%, higher at Rs 126.60 per kg, with a turnover of 611 lots.
The metal for delivery in November also rose by a similar margin to Rs 127.75 per kg with a turnover of 11 lots.
Traders said besides demand from battery-makers, a firming trend in the entire base metal pack at the London Metal Exchange (LME) ahead of Chinese trade data that may show sustained demand from the biggest metals user, influenced lead futures prices here.