Commodities

Lead futures marginally up in thin trade

| | Updated on: Feb 15, 2011

Lead prices rose marginally by 0.12 per cent in futures trade on Tuesday in tandem with a firm trend at spot markets.

At the Multi Commodity Exchange, lead for delivery in March gained 15 paise, or 0.12 per cent, to Rs 120.80 per kg, with a trade turnover of 7 lots.

The metal for delivery in February contract also edged higher by 5 paise, or 0.04 per cent, to Rs 120.75 per kg, with a business turnover of 13 lots.

Market analysts said pick up in demand at the spot market from battery makers, helped lead futures to trade higher. Meanwhile, at the London Metal Exchange, lead traded flat at $2,640 per tonne.

Published on February 15, 2011

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