Aluminium trading range for the day is 203.9-213.1 - Kedia Advisory
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Aluminium
Observations
Aluminium trading range for the day is 203.9-213.1
Aluminium dropped as U.S. economic data raised fears about arecession.
China's consumer demand recovery needs time to pick up dueto the "scarring effect" of COVID-19T
The central bank will consolidate its financing support for the realeconomy, officials from the PBOC said
Copper
Observations
Copper trading range for the day is 725.9-767.2
Copper dropped on worries over higher interest rates in US
Strong business activities in the U.S. and the Euro zone reinforcedbets of the Federal Reserve raising interest rates
Yangshan copper premium fell to $23 a tonne, its lowest sinceMarch 10.
Zinc
Observations
Zinc trading range for the day is 228-243
Zinc dropped amid China's slow recovery and recession fears
Data showed that the country's refined zinc output increased55,300 mt or 11.03% MoM
China imported 12,785 mt of refined zinc in March, down 40.10%on the year.
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