Copper trading range for the day is 767.2-804.2 - Kedia Advisory
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Aluminium
Observations
Aluminium trading range for the day is 206.5-211.6
Aluminum dropped as China's aluminium output rose 2.9% yoy mtin March
Aluminium ingot inventories in China fall to lowest since 2018
PBOC injected a total of CNY 170 billion via a one-yearmedium-term lending facility (MLF) to some financial institutions
Copper
Observations
Copper trading range for the day is 767.2-804.2
Copper dropped after dollar rose as Fed needs to continueraising interest rates
However, upside seen amid hopes of strong demand, andpersistent concerns over low supply
Softer-than-anticipated inflation in China raised hopes thatBeijing will increase stimulus to support growth and infrastructureactivity
Zinc
Observations
Zinc trading range for the day is 248-256
Zinc dropped after ingot social inventory across Chinese marketsrose to 150,000 mt last week.
Data showed that the domestic refined zinc output increased55,300 mt or 11.03% MoM
China's economy is stabilising and recovering, inflation remainslow, and the real estate market has undergone positive changes
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