Aluminium trading range for the day is 202.7-208.5 - Kedia Advisory
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Aluminium
*Aluminium trading range for the day is 202.7-208.5
*Aluminum dropped amid weaker-than-expected
*Chinese demand rebound China's consumer demand recovery needs time to pick up due to the "scarring effect" of COVID-19
*The central bank will consolidate its financing support for the real economy, officials from the PBOC said
Copper
*Copper trading range for the day is 727.1-750.5
*Copper gains on short covering after prices dropped on concerns about weak demand
*Investors remained underwhelmed by purchasing activity from Chinese manufacturers
*The Yanghsan copper premium has more than halved since mid-March to $23 per tonne, indicating supplies were ample.
Zinc
*Zinc trading range for the day is 231-239
*Zinc settled flat on concerns around weak demand
*China imported 12,785 mt of refined zinc in March, down 40.10% on the year
*Markets are also expected to tread cautiously ahead of the U.S. Federal Reserve's policy meeting next week.
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