Lead futures rise 0.36% on spot demand

Lead prices were up by 0.36 per cent to Rs 167.10 per kg in futures trade today as participants built up fresh positions following pick up in demand from consuming industries at spot markets.
At the Multi Commodity Exchange, lead for delivery in November month edged up by 60 paise, or 0.36 per cent to Rs 167.10 per kg in business turnover of 95 lots.
The metal for delivery in October traded higher by 30 paise, or 0.18 per cent to Rs 166.20 per kg in 5,056 lots.
Market analysts attributed the rise in lead futures to fresh positions created by traders due to upsurge in demand from battery makers.