Powered by: Motilal Oswal
10/04/2023 12:36:05 PM | Source: Kedia Advisory
Aluminium trading range for the day is 204.9-208 - Kedia Advisory
News By Tags | #473 #5839
Aluminium trading range for the day is 204.9-208 - Kedia Advisory

Aluminium 

*Aluminium trading range for the day is 204.9-208

*Aluminum gains as production not yet resumed in Yunnan

*The aluminium ingot social inventories across China totalled 1.04million mt as of April 6, down 50,000 mt

*China will safeguard the yuan and financial stability

 

 

Copper 

*Copper trading range for the day is 759.6-778.7

*Copper gains on tightening inventory, improved China demand

*On warrant copper stocks on the exchange fell to the lowestsince 2021.

*Copper inventories in warehouses monitored by the ShanghaiFutures Exchange fell 0.5 % from last Friday.

 

 

Zinc 

*Zinc trading range for the day is 245-251

*Zinc prices fell amid continuing concerns about global economicgrowth

*Weak U.S. manufacturing activity, which slumped to the lowestlevel in nearly three-years in March, weighed on prices.

*Downward sentiment and continued lack of momentum out ofChina is bringing metals down

 

 

To Read Complete Report & Disclaimer Click Here

 

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer

 

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here