Aluminium trading range for the day is 210.5-215.6 -Kedia Advisory
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Aluminium
*Aluminium trading range for the day is 210.5-215.6
*Aluminum dropped on concern over global economic growth and demand in China.
*Global aluminium output rises 0.5% y/y to 5.77 mln T in March – IAI
*Some Japanese aluminium buyers agree to higher April – June premiums
Copper
*Copper trading range for the day is 754.6-771.8
*Copper prices dropped as China March refined copper output hits record high
*Copper inventories in warehouses monitored by the Shanghai Futures Exchange fell 2.3 % from last Friday.
*Glencore reported a 5% fall in its copper production for the first quarter
Zinc
*Zinc trading range for the day is 239-250
*Zinc dropped as U.S. economic data raised fears about a recession.
*Data shows that social inventories of zinc ingots across China totalled 136,700 mt as of April 21, down 6,000 mt
*Data showed that the domestic refined zinc output increased 55,300 mt or 11.03% MoM
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