Zinc trading range for the day is 262-272 - Kedia Advisory
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Aluminium
Observations
Aluminium trading range for the day is 206.4-210.4
Aluminum dropped as aluminium ingot social inventorymaintained the trend of accumulation, and spot transactionshave not improved significantly
The installed aluminum capacity in Sichuan stands at 1.2 millionmt, and the operating capacity was 1 million mt prior to thepower rationing in July-August.
PBOC’s net liquidity injections in open market reaches 331 billionyuan
Copper
Observations
Copper trading range for the day is 747.7-777.3
Copper prices gains as speculators adjusted positions on hopesfor a demand revival in top metals consumer China
The Yangshan copper premium, rose to $26.50 a tonne onMonday for its highest since Feb. 1.
Production halts in major South and Central American regionscompounded concerns about low inventories in the US andEurope
Zinc
Observations
Zinc trading range for the day is 262-272
Zinc gained as hopes grew for a strong consumption recoveryfrom China, after the country lifted strict pandemic restrictions
Global zinc market deficit climbs to 100,500 T in December –ILZSGS
melters in Qujing city, Yunnan will reportedly undergo power rationing
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