Lead Futures Up On Rising Demand

Lead futures were trading higher during the afternoon trade in the domestic market on Monday as participants created fresh positions, taking positive cues from spot market on pick-up in demand. Marketmen said building up of positions by traders backed by upsurge in demand from battery-makers at domestic spot market, supported the upside in lead prices at futures trade.

At the MCX, lead futures for May 2018 contract is trading at Rs 159.95 per kg, up by 0.82 per cent, after opening at Rs 157.50, against a previous close of Rs 158.65. It touched the intra-day high of Rs 160.

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