Aluminium trading range for the day is 205.4-211 - Kedia Advisory
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Aluminium
Observations
Aluminium trading range for the day is 205.4-211.7Aluminum recovers supported by prospects of more robustdemand and historically low global inventories.However upside seen limited amid fears of a global economicslowdown and rising output from ChinaChina's annual aluminum production in 2022 increased by 4.5%from a year earlier to a record high of 40.21 million tonnes
Copper
Observations
Copper trading range for the day is 742.2-762.2Copper gains amid worries over weak supply and hopes for astrong demand rebound in China’s economy after its reopening.Production halts in major South and Central American regionscompounded concerns about low inventories in the US andEuropeChina's factory activity likely continued to grow in February
Zinc
Observations
Zinc trading range for the day is 261-272Zinc gains buoyed by improving demand from China andconcerns about global supplyChina's economy is expected to generally rebound in 2023 andmonetary policy will be precise and forcefulChina's factory activity likely continued to grow in February
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