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Copper trading range for the day is 764.2-782.4 - Kedia Advisory
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Aluminium
*Aluminium trading range for the day is 201.8-207.7
*Aluminum dropped as China's aluminium output rose 2.9% yoy
*In March, the output of domestic aluminium billet and aluminium alloy increased significantly.
*China's factory activity growth stalled in March, weighed by slowing production and weaker global demand
Copper
*Copper trading range for the day is 764.2-782.4
*Copper gains as the copper supply market is still in significant shortage
*Global physical inventories have fallen to the lowest level in 14 years.
*Copper output in Chile is rebounding rapidly after falling to a six-year low this year
Zinc
*Zinc trading range for the day is 243-252
*Zinc prices dropped as China’s refined zinc output increased 11.03% MoM in March
*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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