04-06-2023 11:12 AM | Source: Kedia Advisory
Zinc trading range for the day is 245-254 - Kedia Advisory
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Aluminium

Observations

Aluminium trading range for the day is 203-209.4

Aluminium dropped weighed down by weak U.S. manufacturing activity, which slumped to the lowest level in nearly three-years in March.

Aluminium smelters in Sichuan and Guizhou have resumed production

Goldman says aluminium market now in deficit

 

Copper

Observations???????

Copper trading range for the day is 755.2-773.8

Copper settled flat as signs of moderate demand momentarily outweighed concerns of low supply.

Chinese factory activity unexpectedly halted in March

Chile copper production down 3.4% in February – Cochilco

 

Zinc

Observations???????

Zinc trading range for the day is 245-254

Zinc prices fell amid continuing concerns about global economic growth

Weak U.S. manufacturing activity, which slumped to the lowest level in nearly three-years in March, weighed on prices.

Downward sentiment and continued lack of momentum out of China is bringing metals down

 

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