Aluminium trading range for the day is 194.5-197.9- Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Aluminium
Observations
Aluminium trading range for the day is 194.5-197.9
Aluminium dropped as tepid data from China weighed on demand
Annual profit at China's industrial firms declining in double-digit percentage rate in the first five months of this year
The inventory of this metal in LME-approved warehouses slid to 531,225 metric tons, the lowest since mid-April
Copper
Observations
Copper trading range for the day is 700.4-709.2
Copper dropped as concerns about higher interest rates denting global growth
Global exchange copper stocks sink to 15- year lows
The premium of LME cash copper over the three-month contract rose to $31 a tonne, a high level unseen since November last year
Zinc
Observations
Zinc trading range for the day is 209-213
Zinc dropped after data showed a deepening slide in China's industrial profits.
Chinese Premier Li Qiang said that the country would take steps to boost demand and accelerate green transition.
Global zinc market surplus fell to 12,500 metric tons in April, down from 65,000 tons a month earlier
To Read Complete Report & Disclaimer Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
