Zinc trading range for the day is 210-215 - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Aluminium
Observations
Aluminium trading range for the day is 206.9-208.8
Aluminum steadied as the US debt ceiling agreement was initially formed.
The People’s Bank of China conducted a 7-day reverse repurchase operation of 25 billion yuan
IMF said it expects the global economy to grow 2.9% in 2023, an improvement from the 2.7% it forecast
Copper
Observation
Copper trading range for the day is 709.3-720
Copper gains on mounting supply concerns and expectations of stimulus
Copper supply cannot keep up with expectations of long-term demand
Copper inventories at the Shanghai Futures Exchange fell to under 135 thousand tonnes in May, the lowest this year
Zinc
Observations
Zinc trading range for the day is 210-215
Zinc rose as market jitters eased as debt ceiling agreement was basically reached
The US GDP and employment data in the first quarter showed that the US economy was relatively resilient.
LME zinc stocks jump 40% as excess supply is being stored in LME warehouses
To Read Complete Report & Disclaimer Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
