LEAD NEWS

Nirmal Bang has come out with its report on base metals. According to the research firm, Industrial metals are trading marginally lower today. Expect prices to remain under pressure on account of given renewed concerns of a euro zone crisis and only moderate demand growth from top consumer China.
China's expanding smelting capacity is due to weigh on copper concentrate treatment and refining charges (TC/RCs) this year despite higher mine output, consultancy CRU said.  Japanese buyers have agreed to premiums for some April-June aluminium shipments at $248-$249 per tonne, up from the previous quarter and in line with increased demand after the winter slowdown, sources involved with trade talks said on Tuesday.  The global nickel market was in surplus by 17,000 tonnes in January 2013, a monthly bulletin from Lisbon-based International Nickel Study Group (INSG) showed on Tuesday.  The global zinc market was in surplus by 40,000 tonnes in January, a monthly bulletin from Lisbon-based International Lead and Zinc Study Group (ILZSG) showed on Monday.

Fundamental Outlook:

Industrial metals are trading marginally lower today. We expect prices to remain under pressure on account of given renewed concerns of a euro zone crisis and only moderate demand growth from top consumer China.(http://www.moneycontrol.com/news/brokerage-recos-commodities/base-metal-prices-to-remain-under-pressure-nirmal-bang_840701.html)