07-06-2023 10:18 AM | Source: Kedia Advisory
Zinc trading range for the day is 211-217- Kedia Advisory
News By Tags | #473 #5839

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Aluminium

Observation

Aluminium trading range for the day is 193.1-198

Aluminum prices dropped amid strong supply

China's Yunnan region ramps up aluminium production as power curbs eased

Data from May showed that aluminum imports into China grew 1.8% from the corresponding period of the previous year

Copper

Observation

Copper trading range for the day is 708.4-722.9

Copper settled flat as global services data darkened demand outlook.

Citi sees copper prices averaging $8,000/t over next three quarters

LME will reduce the daily price limits for outright contracts in copper to 12% from the current 15% starting from July 24.

Zinc

Observation

Zinc trading range for the day is 211-217

Zinc dropped amid weak economic data globally weighed on the demand outlook

Data from the United States and Europe showed manufacturing in June tumbled

China's factory activity growth slowed in June, with sentiment waning

 

 

 

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