Spot demand lifts lead futures by 0.33%

Lead prices were higher by 0.33 per cent to Rs 153.65 per kg in futures trade today as participants indulged in creating fresh positions due to pick up in demand from consuming industries in the spot market amid positive global cues.
At the Multi Commodity Exchange, lead for delivery in October edged up by 50 paise, or 0.33 per cent, to Rs 153.65 per kg, in a business turnover of three lots.
Likewise, the metal for delivery in current month traded higher 40 paise, or 0.26 per cent, to Rs 152.80 per kg in 183 lots.
Market analysts attributed the rise in lead futures to fresh positions built up by traders after pick up in demand from battery-makers in the spot market and gains in base metals pack overseas.