Lead futures edge up by 0.07% on spot demand

Lead prices rose marginally by 0.07 per cent to Rs 150.20 per kg in futures market today as speculators built up fresh positions, driven by pick up in demand at the spot market.
At the Multi Commodity Exchange, lead for delivery in August traded higher by 10 paise, or 0.07 per cent, to Rs 150.20 per kg, in a business turnover of 229 lots.
In a similar fashion, the metal for delivery in September edged up by 5 paise, or 0.03 per cent, to Rs 150.15 per kg in 411 lots.
Market analysts said fresh positions created by participants following pick up in demand from battery-makers in the domestic spot markets, mainly led to the rise in lead prices at futures trade.