07-11-2023 10:56 AM | Source: Kedia Advisory
Copper trading range for the day is 714.5-726.8- Kedia Advisory
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Aluminium Observations

Aluminium trading range for the day is 194.8-196.8

Aluminium gains on heightened expectations for economic stimulus measures in China

Western European production has been sliding steadily over the last 15 years

Aluminium smelters in China's southwestern Yunnan province have started to ramp up production

 

Copper

Observations

Copper trading range for the day is 714.5-726.8

Copper settled flat amid weak economic data from China

Pressure also seen amid concerns about the effect of a global economic slowdown on demand for growth-dependent base metals

China's producer prices fell at their fastest pace in more than seven years in June

 

Zinc 

Observations

Zinc trading range for the day is 213-217

Zinc settled flat amid expectations China would undertake more stimulus measures

Global zinc market surplus fell to 12,500 metric tons in April, down from 65,000 tons a month earlier

China's factory activity growth slowed in June, with sentiment waning

 

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