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The base metals pack inched higher in the recently concluded week, as all the metals ended on a positive note.

The metals pack began the week on a lower note, eventually giving up the gains from the previous week.

However, it later recovered, boosted by a weaker dollar as a result of disappointing US economic data. However, increased stocks of a few metals in LME-registered warehouses throughout the week limited those metals' advances.

Copper prices, on the other hand, fell from a four-week high as fears over slowing global economic growth outweighed hopeful predictions for Chinese economic stimulus.

Despite manufacturing challenges in China and other places, copper prices remained quite solid, bolstered by prospects for additional Chinese stimulus measures. However, China's overall exports and declining imports suggested a tough global demand outlook.

OUTLOOK: We expect copper to trade lower towards 719 levels, a break of which could prompt the price to move lower to 721 levels.