Lead futures edge higher by 0.29% as demand picks up

Amid pick up in demand from consuming industries at spot market, lead prices were up by 0.29 per cent to Rs 156 per kg in futures trade today as speculators built up fresh positions.
At the Multi Commodity Exchange, lead for delivery in February edged up by 45 paise, or 0.29 per cent to Rs 156 per kg in business turnover of 69 lots.
Likewise, the metal for delivery in January contracts was up by 35 paise, or 0.22 per cent to Rs 156.60 per kg in 627 lots.
Market analysts said fresh positions created by traders due to pick up in demand from battery-makers in the spot market, mainly led to rise in lead prices at futures trade.