Base Metals Weekly Snapshot - The base metals pack remained under pressure in the last week on the back of continued worries over the US financial system and bleak growth prospects due to the slumping housing market. This created negative sentiments as questions over demand for base metals in weak economic situation arose. Only supply-related worries in base metals can help boost sentiments. The base metals pack traded lower on Friday as volatility increased on the back of speculative liquidation and fund sales. Throughout the week the base metals market traded on the downside amid concerns over global financial health and its impact on markets.
Demand-Supply for Nickel - The Nickel market has recorded a surplus of 7.1kt from...