Aluminium trading range for the day is 195- 202.2 - Kedia Advisory
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Aluminium
Observations
Aluminium trading range for the day is 195-202.2
Aluminium dropped weighed down by a lack of meaningful economic stimulus
China's aluminium imports in May climbed 1.8% from a year earlier
China's primary aluminium output in May rose only slightly from a year earlier, data showed.
Copper
Observations
Copper trading range for the day is 708.6-736.2
Copper fell amid concerns over global economic growth after interest rate hikes
Chinese data showed refined production rose 15% and apparent demand in China grew by 7% in the first four months of 2023
Available LME copper stocks fall to the lowest since 2021
Zinc
Observations
Zinc trading range for the day is 211-218
Zinc dropped amid an increase in smelter supply.
Global zinc market surplus fell to 12,500 metric tons in April
Zinc inventories in London Metal Exchange-registered warehouses have nearly doubled from the prior week to a one-year peak
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