Copper trading range for the day is 706.9-730.3 - Kedia Advisory
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Aluminium
Observations
Aluminium trading range for the day is 204.8-208.5 Aluminium dropped driven by production resumption in Guizhou and Sichuan China’s operating aluminium capacity rose to 40.92 million mt at the end of May China’s aluminium output rose 1% year-on-year to around 3.47 million mt in May
Copper
Observations
Copper trading range for the day is 706.9-730.3 Copper gains as Chile's copper production fell in April Chiles’s production is still low compared with the same period in recent years Codelco closes Ventanas copper smelter to reduce pollution
Zinc
Observations
Zinc trading range for the day is 206-210 Zinc dropped as dollar was firmer after a robust U.S. jobs report spurred traders to price in higher interest rates for longer. However, downside seen limited as some smelters in Henan reduced production due to high sulphuric acid inventories. Zinc inventories in London Metal Exchange-registered warehouses have nearly doubled since last week to a one-year peak
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