Aluminium trading range for the day is 200.7-207.9 - Kedia Advisory
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Aluminium
Aluminium trading range for the day is 200.7-207.9
Aluminium settled flat as banking woes raised threat of slower economic growth.
China Jan – Feb aluminium output up 7.5% to 6.74 mln tonnes
The aluminium ingot social inventories across China’s stood at 1.21 million mt as of March 16, down 56,000 mt from a week ago
Copper
Copper trading range for the day is 747.3-762.8
Copper rose as China's copper consumption is rebounding firmly and to stay strong
The Yangshan copper premium more than doubled in a week to $47.50 a tonne, near a three-month high
Shanghai warehouse copper stocks down 15.2%.
Zinc
Zinc trading range for the day is 255-260
Zinc prices rose gain as banking crisis worries ease, dollar weakens
Hopes for Chinese demand recovery boosted sentiment
The People's Bank of China cut the reserve requirement ratio for financial institutions by 25bps
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