Published on 2009-09-15 09:40:29
Singapore - India September MCX lead futures likely down on firm INR, 0.8% fall in LME three-month futures. "Also, concerns that China's lead industry will be in surplus despite local government orders to shut many smelters will also weigh on prices," says STCI Commodities trader Kapil Gandhi. Other metals likely to open in range, tracking steady London markets. Lead last settled at INR102.20/kg, zinc at INR89.35/kg, aluminum at INR88.35/kg, nickel at INR811.10/kg.
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