Sharekhan Commodities Buzz dated April 04, 2007

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Apr 4, 2007, 8:08:03 AM4/4/07

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Commodities Buzz
[April 04, 2007] Please see the attachment for details

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Summary of Contents

COMMODITIES BUZZ

Nickel: Fresh lifetime high

The news of the ending of strike at CVRD-Inco's Sudbury nickel operations failed to deter the bulls from taking the three-month LME prices to a new lifetime high of $48,700. The metal closed above its previous high of $48,500 at $48,590 with a solid gain of $2,990. A draw of 66 tonne at LME warehouses boosted the bullish sentiments further. The LME stock flows resulted in a marginally improved cancelled ratio which rose to 37.05% from 36.47% earlier.

Regards,
The Sharekhan Research Team

myac...@sharekhan.com

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