Lead tips
Lead prices declined 0.52% at the LME while price at the
MCX came down by 1.91% backed by the rupee
Lead prices should continue to remain weak due to
slowing demand from the auto sector. Major auto
producer Toyota is also planning to increase the hybrid
car sales which should limit the sharp fall in prices
Compared to other base metals, the weakness in lead
prices should remain intact due to growing risk av ersion
over Sy rian developments
Nickel tips
Nickel prices remained diverged in yesterday’s session.
Prices witnessed sharp correction at both the platforms in line with the fundamental expectations
Nickel inventories are maintaining at the highest level (212328 MT) since the LME started keeping records of metal
stocks. On the back of higher stocks, major gains in prices should not be witnessed
Chinese NPI producers might continue with high
production while the nickel market also remains at
supply surplus
Indonesia is expected to increase the export quota of
raw-materials ahead of the 2014 export ban and
hence we expect the surplus to increase in nickel
market
Overall, we do not expect nickel prices to gain at LME
hence selling at higher levels should
mcxtips,leadtips
Lead prices declined 0.52% at the LME while price at the
MCX came down by 1.91% backed by the rupee
Lead prices should continue to remain weak due to
slowing demand from the auto sector. Major auto
producer Toyota is also planning to increase the hybrid
car sales which should limit the sharp fall in prices
Compared to other base metals, the weakness in lead
prices should remain intact due to growing risk av ersion
over Sy rian developments
Nickel tips
Nickel prices remained diverged in yesterday’s session.
Prices witnessed sharp correction at both the platforms in line with the fundamental expectations
Nickel inventories are maintaining at the highest level (212328 MT) since the LME started keeping records of metal
stocks. On the back of higher stocks, major gains in prices should not be witnessed
Chinese NPI producers might continue with high
production while the nickel market also remains at
supply surplus
Indonesia is expected to increase the export quota of
raw-materials ahead of the 2014 export ban and
hence we expect the surplus to increase in nickel
market
Overall, we do not expect nickel prices to gain at LME
hence selling at higher levels should
mcxtips,leadtips
