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Lead Lower By 0.3%, Closing At $ 2166/MT

Published 02/20/2014, 04:53 AM
Updated 05/14/2017, 06:45 AM

The EU data though was also weaker if we look into monthly comparison. While December YoY growth stood in double digits, Jan month growth was down to 5% mark.

February 20, 2014 13:30


--Lead ended the yesterday's trading session lower by 0.3% at the LME platform closing at $ 2166/MT mark.

--The global auto sales numbers continues to be mixed where in the US auto sales numbers for the month of January declined, while EU new car registration increased by 5% on a YoY basis. The EU data though was also weaker if we look into monthly comparison. While December YoY growth stood in double digits, Jan month growth was down to 5% mark.

--There is no other major fundamental update regarding the commodity. For Intraday we hold a ranged view on the commodity as the commodity might get support from the it`s broadly declining inventories. However on the other hand the commodity might negative cues from the weak Chinese manufacturing data.

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