--Lead was the another major loser along with the Aluminum in the yesterday's trading session at the LME platform down by 0.7%.
--On the inventory front, lead stocks have been broadly declining since the last three months. The cancelled warrants ratio for the commodity also increased over 19% from 29150 MT to 34,875 MT The positivity on the inventory front did not protect the commodity from declining.
--For the day, we have a selling view on the commodity as the Chinese government has said that it would gradually cut the subsidies towards the purchase of electric passenger vehicles by 60,000 Yuan ($9,900).