Aluminium trading range for the day is 205.1-208.7 - Kedia Advisory
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Aluminium
Observations
Aluminium trading range for the day is 205.1-208.7
Aluminium dropped as China Jan – April aluminium output up3.9% y/y
China April aluminium output down 1.2% on prior month onpower curbs
China's industrial production expanded by 5.6% year-on-year inApril 2023
Copper
Observations
Copper trading range for the day is 705.7-732.3
Copper fell as China’s economic recovery is losing momentum
Chinese copper import premiums are trending lower, suggestingslack appetite for metal held overseas.S
Stocks in the LME system have swelled to 83,825 tonnes, the mostsince January.
Zinc
Observations
Zinc trading range for the day is 223-230
Zinc dropped as China activity data highlights patchy recovery
China's manufacturing recovery falls short of expectations andgrowth slows in the rest of the world.
China's industrial production expanded by 5.6% year-on-year inApril 2023, below market forecasts of 10.9%
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