Zinc trading range for the day is 257-268 - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Aluminium
Observations
Aluminium trading range for the day is 203.2-209.3
Aluminium recovered on low level buying after prices dropped from a stronger dollar and completed production cuts in China's major producing provinces.
Yunnan smelters were said to have satisfied the necessary output cuts to comply with power rationing requirements.
Global aluminium producers offer Q2 premiums of $125 – $145/T
Copper
Observations
Copper trading range for the day is 735.1-767.8
Copper gains as demand for copper, is expected to pick up amid a recovery in manufacturing activities in China.
China copper exports to jump in rare deliveries to LME depots
Chile's copper production in January was 437,900 mt, a year-on-year increase of 2.9%.
Zinc
Observations
Zinc trading range for the day is 257-268
Zinc prices gains support from production rationing in Yunnan
There are rumours that recycling companies have significantly reduced their production.
Global zinc market deficit climbs to 100,500 T in December – ILZSG
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
