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07-07-2023 09:27 AM | Source: Kedia Advisory
Aluminium trading range for the day is 193.9-196.6 - Kedia Advisory
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Aluminium

Observation

Aluminium trading range for the day is 193.9-196.6

Aluminum prices dropped amid strong supply

China's Yunnan region ramps up aluminium production as power curbs eased

Data from May showed that aluminum imports into China grew 1.8% from the corresponding period of the previous year

 

Copper

Observation

Copper trading range for the day is 709.4-721.4

Copper fell amid weak global economic growth outlook and tepid demand in China.

Chile's Codelco says 2023 copper production further hurt by heavy rains

Chile copper production at main mines down in May

 

Zinc

Observation

Zinc trading range for the day is 212-217

Zinc gains amid expectations China would undertake more stimulus measures

Global zinc market surplus fell to 12,500 metric tons in April, down from 65,000 tons a month earlier

China's factory activity growth slowed in June, with sentiment waning

 

 

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