Aluminium trading range for the day is 207.1-213.9 - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Aluminium
Observations
Aluminium trading range for the day is 207.1-213.9Aluminum dropped on fears of a global economic slowdownand rising output from ChinaGlobal aluminium output rises 3.4% y/y to 5.84 mln T in January –IAILME aluminium inventories decreased steeply, mainly fromwarehouses in Klang and Singapore
Copper
Observations
Copper trading range for the day is 748.6-791.6Copper prices fell as the prospect of further increases to U.S.interest rates sent a ripple of caution through markets andboosted the dollar.Many investors had hoped Chinese metals demand wouldrebound quickly after the country abandoned COVID-19restrictions late last year.Global refined copper market in small surplus in December –ICSG
Zinc
Observations
Zinc trading range for the day is 266-276Zinc prices dropped amid expectations for supply increasebrought by the production resumption of smelters overseas.Global zinc market deficit climbs to 100,500 T in December –ILZSGCommerzbank sees zinc prices averaging $3,800/t in 2023 ontight supply and reviving demand in China
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 Disclaime
