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Lead:Buying Recommend

Published 01/21/2014, 06:30 AM
Updated 05/14/2017, 06:45 AM




--Lead declined marginally by 0.1% in the yesterday's trading session at the LME pl atform.

--On the inventory front, Lead stocks continue to broadly decline. The cancelled warrants for the commodity also increased sharply over 25% during the previous week thereby protecting the  commodity from a sharp 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. Lead might get further support from the fact that the Lead premiums for delivery in the US increased from 10 cents per pound to 12 cents per pound.

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