Aluminium trading range for the day is 195.3-201.1 - Kedia Advisory
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ALUMINIUM
Observations
Aluminium trading range for the day is 195.3-201.1
Aluminium dropped as smelters started to resume production in Yunnan
China's aluminium imports rise 10.7% y/y in H1
China June aluminium output 3.46 mln metric tons
COPPER
Observations
Copper trading range for the day is 717.8-731.3
Copper fall as weak China growth worsens demand outlook
Metals have come under pressure at the start of the week following China's second-quarter gross domestic product data.
China's copper imports fell 16.4% in June from a year earlier, customs data showed.
ZINC
Observations
Zinc trading range for the day is 211-217
Zinc dropped after LME inventories rose to highest in nearly three weeks.
LME data showed that inventories in the exchange-registered warehouses rose by 15% to 80,375 tonnes
China’s output reached 3.23 million mt in H1, a year-on-year increase of 8.59%.
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