Lead ended the yesterday's trading session marginally higher at the LME platform to finish at $2212/Mt mark.
Broadly the lead inventories continue to remain lower and the cancelled warrants ratio for the commodity still remains above the 20% mark which may protect the commodity from a steep fall.
We have a positive view on lead for the day and continue to recommend buying Lead from the lower levels on the back of below normal temperatures in US may boost the demand for Lead which requires frequent repl acement of the batteries due to the cold weather conditions.