Copper trading range for the day is 358.5-366.3. Copper prices traded in range stymied by expectations of slowing growth in the economy of top metals consumer China.After clocking 6.9 percent in the first quarter thanks to spending on infrastructure and a property boom that policymakers want to rein in. Chinas growth is set for its weakest patch since the global financial crisis as authorities pull back on stimulus.
Zinc trading range for the day is 162.8-165.8. Zinc prices ended with gains tracking firmness in LME prices as support seen after steel prices jumped. ILZSG anticipates global demand for refined zinc to be greater than supply in 2017, keeping zinc markets in a deficit for a second consecutive year. The ILZSG predicts a deficit of 226,000 tonnes, not much different from the deficit recorded last year.
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