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01-01-1970 12:00 AM | Source: Kedia Advisory
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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