Lead May Continue To Trade Lower

Published 01/10/2014, 05:59 AM
Lead
Lead was the top loser among the entire metals pack in the yesterday's trading session at the LME platform.

During the day, we continue to maintain a sell view on lead as the commodity might take negative cues from the statements China Association of Automobile Manufacturers which said that the growth in the auto sales would be lower as the country faces the problem of air pollution. With high levels of air pollution the government might impose additional restriction on vehicles purchases in the major provinces.

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