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Aluminium

Aluminium trading range for the day is 201.4-206.4

Aluminum dropped as China’s aluminium output in February was up 4.9% year-on-year to 3.09 million mt.

Further, persistently high inventory of aluminium ingots also weighing on prices.

The domestic aluminium billet social inventory began to rise this week, adding 7,200 mt from a week ago to 163,400 mt

Copper

Copper trading range for the day is 738-765.1

Copper eased as concerns of a slowing economy and some respite to tight supply offset expectations of higher demand from China.

Improved situations in key mines in Peru and Indonesia eased worries of a wider supply deficit

Copper inventories in warehouses monitored by the Shanghai Futures Exchange fell 10.8 % from last Friday

Zinc

Zinc trading range for the day is 256-264

Zinc dropped as fears over persistent interest rate hikes by the U.S. Federal Reserve weighed on investor sentiment.

Improving supply prospects also added downward pressure on the market

China's decision to set a modest 5% economic growth target for 2023 dampened some optimism around a surge in demand

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