Zinc trading range for the day is 243-258 - Kedia Advisory
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Aluminium
*Aluminium trading range for the day is 210.6-216.5
*Aluminum settled flat whether Yunnan smelters would reduce or resume output.
*China's GDP to slow down in H2 2023
*Markets are pricing an 86% chance the Fed raises rates by 25 basis points at its meeting in May.
Copper
*Copper trading range for the day is 768.1-785.6
*Copper fell as dollar rebounded and investors weighed near-term demand concerns
*The stability of US banks added leeway for the Federal Reserve to hike rates further and destroy demand
*Data from the London Metal Exchange showed inventories fell to 56,000 tonnes, the smallest amount since 2005.
Zinc
*Zinc trading range for the day is 243-258
*Zinc falls as markets fret over interest rates
*Investors focused on what the U.S. Federal Reserve might do to tame inflation, which remains stubbonly high.
*JPMorgan raised its forecast for China's GDP growth this year to grow by 6.4%
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