IGI Logo

Aluminium 

Observations

Aluminium trading range for the day is 205.3-209.9

Aluminium gains as China April aluminium output down 1.2% onprior month on power curbs

Yunnan relies heavily on hydropower for power generation buthas asked aluminium producers to cut production

Japan aluminium stocks down 3.3% m/m in April

Copper 

Observations

Copper trading range for the day is 704.6-734.7

Copper edged higher with bargain-buying supporting the prices

Centinela copper mine's union head says sides far apart in talksto avoid strike

China's April industrial output and retail sales growth undershotforecasts

Zinc 

Observations

Zinc trading range for the day is 223-230

Zinc gains as the global refined zinc market will be in supplyshortfall

China’s demand is expected to recover by 2.1% this year,matching that in the rest of the world, ILZSG said.

Refined zinc production also fell last year to the tune of 3.8% butit will bounce back by a robust 3.1% this year

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