Zinc trading range for the day is 218.5-222.3 - Kedia Advisory
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Aluminium
Observations
Aluminium trading range for the day is 207.3-210.5.
Aluminium gains on concerns over slow recovery in production in Yunnan province
Overall, demand from China remains uncertain, with the country's purchasing managers' index due this Sunday
Japan buyer agrees to pay Q2 aluminium premium of $145/T, up 61% from Q1.
Copper
Observations
Copper trading range for the day is 755.7-765.3.
Copper prices rose as the piling up of inventories in China slowed.
Copper SHFE inventories fell for the first time on a weekly basis since Dec. 22 to 285,090 tons
Copper market in 84,000 metric tons surplus in Jan 2024 – ICSG
Zinc
Observations
Zinc trading range for the day is 218.5-222.3.
Zinc recovers as Glencore halts major zinc mine in Australia after heavy rainfall
Global zinc market swings to surplus in January
Exchange stocks of zinc in Shanghai crept a little higher in the week to 121,873 tons
