ZOID RESEARCH 1-APR-2014 : LEAD

3 month forward Lead prices settled at $2068 no change from its previous close. At MCX, April future lead prices rose to Rs. 124.40. We believe the commodity has been trading steady on a daily basis while there are no major fundamentals playing out in the market. At LME Lead inventory declined by mere 50 tons to 0.200 million tons however, there has been no impact on the prices.

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