IGI Logo

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

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