Aluminium trading range for the day is 209-213.8 -Kedia Advisory
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Aluminium
*Aluminium trading range for the day is 209-213.8
*Aluminium dropped as U.S. economic data raised fears about a recession.
*China's consumer demand recovery needs time to pick up due to the "scarring effect" of COVID-19
*The central bank will consolidate its financing support for the real economy, officials from the PBOC said
Copper
*Copper trading range for the day is 752.8-765.5
*Copper dropped on worries over higher interest rates in US
*Strong business activities in the U.S. and the Euro zone reinforced bets of the Federal Reserve raising interest rates
*Yangshan copper premium fell to $23 a tonne, its lowest since March 10.
Zinc
*Zinc trading range for the day is 236-244
*Zinc dropped amid China's slow recovery and recession fears
*Data showed that the country's refined zinc output increased 55,300 mt or 11.03% MoM
*China imported 12,785 mt of refined zinc in March, down 40.10% on the year.
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