Aluminium trading range for the day is 204.9-210 - Kedia Advisory
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Aluminium
Observations
Aluminium trading range for the day is 204.9-210
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-19
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 733-749.1
Copper dropped as concern is mounting over global economicgrowth
There is still slower than expected recovery in Chinese demand
On-warrant copper stocks in LME-registered warehouses rose by2,750 tonnes to 59,775 tonnes
Zinc
Observations
Zinc trading range for the day is 232-239
Zinc gains on short covering after dropped on concerns aroundweak 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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