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Aluminium

Observations

Aluminium trading range for the day is 204.1-207.3

Aluminium prices dropped after aluminium smelters in Yunnan have completed production cuts

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 746-761.2

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 260-266

Zinc dropped as buyers in north China were not enthusiastic about picking up cargoes due to local production restriction.

There are rumours that recycling companies have significantly reduced their production.

Global zinc market deficit climbs to 100,500 T in December – ILZSG

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