Aluminium trading range for the day is 201.7-205.8 - Kedia Advisory
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Aluminium
Aluminium trading range for the day is 201.7-205.8
Aluminum dropped as China's aluminium production rose 7.5% to 6.74 million tonnes
China's industrial production advanced 2.4% yoy in January-February 2023 combined
China's retail trade expanded 3.5% from the prior year in January-February 2023 combined
Copper
Copper trading range for the day is 742.5-758.3
Copper fell as fears of banking instability dented expectations of higher demand Industrial production in
China missed projections for the first two months of the year, undermining the impact of the reopening on economic activity.
Inventories at the Shanghai Futures Exchange dropped for the second week to their lowest since January
Zinc
Zinc trading range for the day is 251-258 Zinc fell as active production among
zinc smelters puts pressure on supply
China's refined zinc output stood at 501,400 mt in February, down 9,800 mt or 1.91% MoM and up 43,000 mt or 9.39% YoY
Enterprises in north China have resumed normal production with the end of environmental protection-induced production restrictions.
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