PTI

Lead futures remain firm on global cues, spot demand

Wed, Nov 4 02:24 PM

New Delhi, Nov 4 (PTI) Lead futures prices continued its rising trend and added another 0.14 per cent as traders continued to build positions, driven by overnight firmness in base metals at the London Metal Exchange on hopes of pick up in global demand. At the MCX counter, lead for delivery in November and December contracts traded 0.14 per cent each higher at Rs 107.35 and Rs 107.70 per kg respectively in turnover in 585 and 35 lots respectively.

At the LME, lead rose 0.88 per cent to USD 2,290 per tonne in yesterday''s trading. Strong demand from battery makers in physical markets also influenced lead prices at futures market.

Analysts said firming trend in lead and other base metals at the LME overnight after positive manufacturing data from the US and good demand from the battery makers in the spot markets mainly influenced lead prices at futures market. PTI SUN RS SDG DP.

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