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Surging stocks drag down Lead futures

By Religare
|

Lead prices fell by 0.41 per cent to Rs 109.50 per kg in futures trading today due to the surge in the lead stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME lead stocks rose by 10125 metric tonnes to 221850 metric tonnes as on July 27, 2015. At the MCX, Lead futures, for the July 2015 contract, is trading at Rs 109.50 per kg, down by 0.41 per cent, after opening at Rs 109.60, against a previous close of Rs 109.50. It touched an intra-day low of Rs 109 till the trading. (At 3.15 PM today)

 

Sentiment weakened further largely in line with a weak trend overseas in the midst of low demand at the spot market.

Story first published: Monday, July 27, 2015, 23:00 [IST]
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