Copper trading range for the day is 759.3-777.9 - Kedia Advisory
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Aluminium
*Aluminium trading range for the day is 205.5-208.5
*Aluminum gains as production not yet resumed in Yunnan
*The aluminium ingot social inventories across China totalled 1.04 million mt as of April 6, down 50,000 mt
*China will safeguard the yuan and financial stability
Copper
*Copper trading range for the day is 759.3-777.9
*Copper prices dropped as a raft of weak economic data stoked concerns about demand.
*Meanwhile, tight inventories lent some support to the market.
*Chile copper exports total $4.59 billion in March
Zinc
*Zinc trading range for the day is 244-251
*Zinc gains as expectations of improved Chinese demand lent support.
*Toho Zinc Co Ltd, plans to produce 38,800 tonnes of refined zinc in the first half of the 2023/24 financial year, down 1.5% from a year earlier.
*The global zinc market deficit fell to 18,300 tonnes in January from a revised deficit of 80,300 tonnes a month earlier
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