Aluminium trading range for the day is 200.3-206.1 - Kedia Advisory
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Aluminium
Aluminium trading range for the day is 200.3-206.1
Aluminum gains supported by a weaker dollar and signs of improving demand.
Global aluminium output rises 2.7% y/y to 5.27 mln T in February – IAI
China Jan – Feb aluminium imports rose 11.3% on year
Copper
Copper trading range for the day is 740.8-768.1
Copper rose as worries over a global banking crisis eased.
Yangshan copper premium rose to $50 a tonne, its highest since December last year
SHFE copper inventories fell for the third straight week to 182,341 tonnes, their lowest since Jan. 20.
Zinc
Zinc trading range for the day is 253-258
Zinc dropped as zinc market deficit slides to 18,300 T in January
China keeps lending benchmarks unchanged in March, as expected
Traders continued to weigh the prospects of recovery by top consumer China against supply worries.
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