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Lead, The Lone Out Performer, Selling Recommended

Published 02/12/2014, 06:00 AM
Updated 05/14/2017, 06:45 AM

However the cancelled warrants for the commodity have once again started to decline from a high of 46,275 MT to 33,875 MT there by the negating the positivity on the Inventory front.

February 12, 2014 13:30


--Lead was the lone out performer among the entire base metals pack in the yesterday's trading session at the LME platform up by 0.4%

--On the inventory front, lead stocks have been broadly declining since the last three months. However the cancelled warrants for the commodity have once again started to decline from a high of 46,275 MT to 33,875 MT there by the negating the positivity on the Inventory front.

--For the day, we have a selling view on the commodity as mentioned earlier the commodity might continue to take negative cues from the Chinese government's decision to gradually cut the subsidies towards the purchase of electric passenger vehicles by 60,000 Yuan ($9,900).

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