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Copper

Copper trading range for the day is 651.3-670.7.

Copper rose supported by a weaker dollar and hopes that demand may improve amid the possibility that the Fed could slow its tightening momentum.

China Sept copper imports rise 25.6% on – year, 2.4% on – month

Codelco expects China's copper demand to be resilient

Warehouse stock for Copper at LME was at 130800mt that is down by -3600mt.

Copper trading range for the day is 651.3-670.7.

Zinc

Zinc trading range for the day is 268.1-273.7.

Zinc prices rose as global zinc market to be in deficit for 2022, 2023

Global zinc market deficit climbs to 101,100 T in August – ILZSG

The zinc ingot inventories across seven major markets in China totalled 100,000 mt as of October 21, up 5,600 mt from October 17

Warehouse stock for Zinc at LME was at 48925mt that is down by -900mt.

Zinc trading range for the day is 268.1-273.7.

Nickel

Nickel trading range for the day is 630-630.

Nickel settled flat as Sumitomo Metal sees global nickel demand for battery use at 410,000 in 2022.

Global nickel market sees surplus in February – INSG

Nickel briquette prices stood above 200,000 yuan/mt, and demand from nickel sulphate plants may contract.

Warehouse stock for Nickel at LME was at 52908mt that is unchange mt.

Nickel trading range for the day is 630-630.

Aluminium

Aluminium trading range for the day is 198.3-208.1.

Aluminum prices rose as hopes for a slower pace of U.S. interest rate rises boosted global stock markets and weakened the dollar.

Supply of many metals remains tight and stockpiles are low, giving some support to prices.

China September aluminium output at 3.42 mln tonnes – stats bureau

Warehouse stock for Aluminium at LME was at 574075mt that is up by 4575mt.

Aluminium trading range for the day is 198.3-208.1.

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