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Lead prices remain firm at MCX

March 13, 2009 15:08
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Commodity Online
MUMBAI: Lead prices remained firm on Friday despite the weak sentiments that continued on all base metals. The metal is supported by Chinese demand as some lead smelters are increasing output on hope of prices rise in the coming month.

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MCX Lead which closed the last trading session at Rs 64 per kg is now trading unchanged. LME Lead closed Thursday's session at $ 1236 per ton up $ 70.

However, Analysts believe that State Reserves Bureau, was unlikely to buy refined lead for its reserves in the near future because of stable domestic demand.
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