Lead up 0.24 pc in futures trade on spot demand, global cues

Lead prices were marginally up by 0.24 per cent to Rs 126.80 per kg in futures trading today as speculators enlarged positions driven by rising demand from battery makers in the spot market and a firming trend overseas on better-than-expected trade data from China.
At the Multi Commodity Exchange, lead for delivery in October traded higher by 30 paise, or 0.24 per cent to Rs 126.80 per kg in business turnover of 700 lots.
Likewise, the metal for delivery in November edged higher by same margin to Rs 127.80 per kg in 11 lots.
Market analysts said besides pick up in demand from battery-makers in the spot market, a firming trend in base metals in global markets on the back of better-than-expected trade numbers from China, the world's biggest user, mainly helped led prices to trade higher at futures trade.