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Weak trend overseas drag down Lead futures

By Religare

Lead prices fell by 0.22 per cent to Rs 111.50 per kg in futures trading today largely in line with a weak trend overseas in the midst of low demand at the spot market. At the MCX, Lead futures, for the August 2015 contract, is trading at Rs 111.50 per kg, down by 0.22 per cent, after opening at Rs 111.75, against a previous close of Rs 111.75. It touched an intra-day low of Rs 110.40 till the trading. (At 3.15 PM today)


However, losses were curbed due to the decline in the lead stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME lead stocks fell by 277 metric tonnes to 203424 metric tonnes as on August 21, 2015.

Story first published: Friday, August 21, 2015, 23:00 [IST]
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