Copper trading range for the day is 755.6-782.7 - Kedia Advisory
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Aluminium
*Aluminium trading range for the day is 211-216.1
*Aluminum dropped as Global aluminium output rises 0.5% y/y to 5.77 mln T in March
*Smelters in Yunnan are still at risk of power rationing.
*The bigger-than-expected decline in aluminium ingot inventory will support aluminium prices.
Copper
*Copper trading range for the day is 755.6-782.7
*Copper fell after Fed hinted at further U.S. interest rate hikes
*China's c.bank pledges to consolidate financing support for real economy
*PBOC left its key lending rates steady for the eighth straight month at April fixing
Zinc
*Zinc trading range for the day is 242-250
*Zinc dropped as investors mulling over the future path of interest rates.
*Data showed that the domestic refined zinc output increased 55,300 mt or 11.03% MoM
*The Henan Jinli Zinc Smelter successfully reached full capacity in March, bringing additional growth.
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