Zinc trading range for the day is 243-250 - Kedia Advisory
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Aluminium
Aluminium trading range for the day is 201.8-207.4
Aluminum gains as China’s aluminium ingots inventory continues to decline.
Support also seen as aluminium capacity in Yunnan that was previously curtailed has not yet resumed production.
Data shows that China's aluminium output was 3.41 million mt in March (31 days), a year-on-year increase of 2.9%.
Copper
Copper trading range for the day is 765.6-791.5
Copper gains on supply concerns
Inventories in London Metal Exchange (LME) warehouses plunged to 56,800 tonnes, the lowest since 2005.
The copper supply market is still in significant shortage, and global physical inventories have fallen to the lowest level in 14 years.
Zinc
Zinc trading range for the day is 243-250
Zinc gains after reports of global supply shortfall of more than 300,000 tonnes.
Japan's Mitsui Mining expects H1 zinc output falling 4.7% y/y
Data showed that the domestic refined zinc output increased 55,300 mt or 11.03% MoM and 12.26% YoY
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