IGI Logo

Aluminium

Observations

Aluminium trading range for the day is 207.7-209.6

Aluminum gains as inventories across China’s stood at 835,000 mt, down 18,000 mt

China composite PMI falls to 3-month low

China services sector growth stays robust

Copper

Observations

Copper trading range for the day is 740.1-761.7

Copper prices rose as low inventory levels provided a cushion.

Copper inventories in SHFE warehouses fell to their lowest levels since Jan. 13 to 134,919 tonnes.

Inventories at the London Metal Exchange were at under 60 thousand tonnes, the least since 2005

Zinc

Observations

Zinc trading range for the day is 237-241

Zinc gains as global refined zinc market is likely be in a deficit in 2023

Zinc social inventories in China totalled 118,000 mt, down 18,500 mt

LME zinc inventories remained close to levels not seen since 1989.

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