Lead steady in futures trade

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Lead steady in futures trade
On May 26, 2011, as a result of the gains in other base metals at the London Metal Exchange and the rise in the local demand, the prices of lead for the June contract moved up by 95 paise, or 0.83% to Rs 115.85 per kg, with a business turnover of 212 lots at the Multi Commodity Exchange (MCX).

The metal for the May contract also edged up by 75 paise, or 0.65% to Rs 115.40 per kg, with a business turnover of 1,404 lots at the MCX.

The lead climbed 0.40% to $2,351 per tonne at the London Metal Exchange

Moreover, the steady trend in base metals at the London Metal Exchange due to the good data from China and a weaker dollar, which raised demand for the commodities also supported the prices.

Read more about: commodities, lead, mcx
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