Aluminium trading range for the day is 201.1-205.8 - Kedia Advisory
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Aluminium
Aluminium trading range for the day is 201.1-205.8
Aluminum gains as fears over a banking turmoil abated.
Support also seen as the slow restoration of the power supply hindered the return of producers in Guizhou.
The output for the months of January and February 2023 was 6.5 million tonnes, an increase of 5.3% on year
Copper
Copper trading range for the day is 762-796.8
Copper gains as demand in China has been improving
World refined copper market in 103,000 tonne surplus in January –ICSG
China's Jan – Feb refined copper output jumps 10.6% y/y
Zinc
Zinc trading range for the day is 251-259
Zinc gains on signs of growing demand from China and a weaker dollar
China's zinc treatment charges fall from multi – year high as smelters ramp up
Global zinc market deficit slides to 18,300 T in January – ILZSG
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