Copper trading range for the day is 712.7-722.8 - Kedia Advisory
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Aluminium
Observations
Aluminium trading range for the day is 207.9-210.1
Aluminium dropped as data from China indicated a continued downward trend.
Global aluminium output up 0.3% y/y to 5.6 mln T in April – IAI
China exported 73,115 tonnes of alumina last month, down 56.4%on an annual basis
Copper
Observations
Copper trading range for the day is 712.7-722.8
Copper dropped as investors gauged lacklustre Chinesedemand outlook
Pressure also seen amid potential chaos in global financial markets following a surprise breakdown in the U.S. debt ceiling negotiations.
China April refined copper output jumps 14% on year
Zinc
Observations
Zinc trading range for the day is 219-226
Zinc dropped as the global zinc market surplus climbed to 26,700tonnes in March
During the first three months of 2023, ILZSG data showed a surplusof 49,000 tonnes
The refined zinc output in China rose 8.97% year-on-year to 540,000 mt
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