04-05-2023 11:26 AM | Source: Kedia Advisory
Aluminium trading range for the day is 206.1-210.7 - Kedia Advisory
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Aluminium

Observations

Aluminium trading range for the day is 206.1-210.7

Aluminum dropped as aluminium smelters in Sichuan and Guizhou have resumed production

China's factory activity growth stalled in March

China will safeguard the yuan and financial stability, central bank governor Yi Gang told.

 

Copper

Observations???????

Copper trading range for the day is 755.3-783.9

Copper prices dropped as China's March factory activity growth falters on weaker demand

Germany manufacturing PMI plunged to lowest in three years

Japan's Sumitomo Metal said it plans 11% cut in FY2023/24 copper output.

 

Zinc

Observations???????

Zinc trading range for the day is 249-257

Zinc dropped weighed by concerns over global demand amid economic growth slowdown

Investor sentiment was also hampered by China's factory activity, which lost momentum in March amid still-weak export orders.

A slump in U.S. manufacturing activity last month pointed to further signs of a slowing economy

 

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