Aluminium trading range for the day is 203.6-210.4 - Kedia Advisory
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Aluminium
Aluminium trading range for the day is 203.6-210.4
Aluminum dropped as U.S. economy is likely to slow down
China’s Manufacturing PMI unexpectedly fell to a four-month low of 49.2 in April of 2023 from 51.9 in March
China’s PMI Output Index in China declined to 54.4 in April 2023 from a record high of 57.0 in the previous month.
Copper
Copper trading range for the day is 729.4-748.3
Copper gains as Chile's Cochilco raises 2023 copper price forecast
The global copper market is expected to see a deficit this year, steered by improved
Chinese demand. Chile's copper output falls 4.7% y/y in March
Zinc
Zinc trading range for the day is 231-239
Zinc gains as Global zinc market to be in deficit for 2023
However, upside seen limited as demand fell below expectations amid slow global economy
Data shows that social inventories of zinc ingots in
China totalled 114,900 mt, down 21,600 mt
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