Zinc trading range for the day is 207-215 - Kedia Advisory
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Aluminium
Observations
Aluminium trading range for the day is 206-209.5
Aluminum gains as China’s ingot inventories dropped 49,000 mt from last week China’s
Aluminium billet social inventory stood at 141,300 mt, down 20,700 mt from a week ago.
LME aluminium stocks climb by over 20,000 T in South Korea
Copper
Observation
Copper trading range for the day is 700.2-720.1
Copper gains boosted by better than expected U.S. economic data
Copper inventories in warehouses monitored by the SHFE fell 15.9 % from last Friday
BofA reinforces copper 4Q23 forecast at $10,000/t ($4.54/lb)
Zinc
Observation
Zinc trading range for the day is 207-215
Zinc gains after substantial progress had been made on the US debt ceiling issue
Zinc ingot inventories across seven major Chinese markets totalled 103,700 mt, down 10,300 mt
Zinc inventories in LME warehouses jump 64% in two days
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