Lead:-
Lead futures rise 1.19% as demand picks up Lead prices traded higher by 1.19 per cent to Rs 136.20 per kg in futures trading today as participants built up fresh positions amid uptick in demand in the spot market. At the Multi Commodity Exchange, lead for delivery in May edged up by Rs 1.60 or 1.19 per cent to Rs 136.20 per kg, in a business turnover of 1,016 lots. Likewise the metal for delivery in June was up by Rs 1.45, or 1.07 per cent, to Rs 137 per kg in 23 lots. Analysts attributed the rise in lead futures to pick up in demand from battery-makers at the spot market.
Aluminum:-
Aluminum prices drifted lower by 0.59 per cent to Rs 125.70 per kg in futures trading today as speculators cut down positions, driven by easing demand at the spot market. At the Multi Commodity Exchange aluminum for delivery in May declined by 75 paisa, or 0.59 per cent to Rs 125.70 per kg in business turnover of 302 lots. Similarly the metal for delivery in June contracts traded lower by a similar margin to Rs 125.60 per kg in 10 lots. Analysts said trimming of positions by participants owing to slackened demand from consuming industries in the spot market mainly influenced aluminum prices at futures trade.
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