Aluminium trading range for the day is 203.7-212.7 - Kedia Advisory
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Aluminium
Observations
Aluminium trading range for the day is 203.7-212.7Aluminum dropped as market has gradually digested the impactof production cuts in Yunnan.The inventory of aluminium ingots continued to increase, and thesupply in the spot market was relatively abundant.U.S. to impose 200% tariff on aluminum from Russia – White House
Copper
Observations
Copper trading range for the day is 737.6-773.2Copper fell as central banks signaled prolonged periods ofrestrictive policy ahead, hampering demand expectations forindustrial inputs.While mining supply disruptions across the globe worsened withthe suspension of ore processing at a key mine in Panama.Yangshan copper premium was at $22.50 a tonne, down 85%from October last year
Zinc
Observations
Zinc trading range for the day is 262-272Zinc prices dropped as the dollar strengthened and demand intop consumer China remained weak.Strong U.S. economic data raised expectations that U.S. interestrates will remain higher for longer.Global zinc market deficit climbs to 100,500 T in December –ILZSG
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