MENU

Published on 9/12/2019 10:37:09 AM | Source: Kedia Commodity Ltd

Buy Aluminium Dec 2019 @ 132.00 SL 131.00 TGT 133.00-134.00.MCX - Kedia Commodity

Posted in Commodities Reports| #Kedia Commodity Ltd #Commodity Tips

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

Copper

* Copper trading range for the day is 428.3-433.5.

* Copper prices dipped amid scepticism over the chances for a near-term preliminary trade deal between Washington and Beijing

* China has issued a seventh batch of import quotas for scrap metal, including 17 quotas for a total of 7,970 tonnes of high-grade copper scrap.

* Some cities in Hebei province are required to implement level II anti-smog measures for three days as unfavourable weather may raise the risks of smog from December 7.

* Warehouse stock for Copper at LME was at 193800mt that is down by -4625mt.

* SELL COPPER DEC 2019 @ 432.00 SL 435.00 TGT 428.00-426.00.MCX        

     

Zinc

* Zinc trading range for the day is 180.5-186.1.

* Zinc dropped as the markets shuddered after US President Donald Trump warned the trade war with China could go beyond 2020 election.

* Activity in China’s services sector, which accounts for more than half of China’s economy, accelerated to a seven-month high in November

* US services sector activity slowed more than expected in November amid lingering concerns about trade tensions and worker shortages

* Warehouse stock for Zinc at LME was at 58675mt that is down by -125mt.

* SELL ZINC DEC 2019 @ 183.50 SL 184.50 TGT 181.50-180.00.MCX

             

Nickel

* Nickel trading range for the day is 950.7-1013.7.

* Nickel prices gained on short covering after prices dropped amid an oversupply of stainless steel in China. 

* In last some session, pressure also seen pressured by intensified fears of US-China trade war and stainless steel oversupply.

* US services sector activity slowed more than expected in November amid lingering concerns about trade tensions and worker shortages

* Warehouse stock for Nickel at LME was at 68886mt that is down by -36mt.

* BUY NICKEL DEC 2019 @ 975.00 SL 960.00 TGT 990.00-1005.00.MCX

             

Aluminium

* Aluminium trading range for the day is 131.8-133.8.

* Aluminium dropped on profit booking amid on renewed optimism on a US-China trade deal.

* China issued a fresh batch of import quotas for aluminium scrap for 2019, with the quota volume declining sharply as expected.

* Social inventories of primary aluminium in China fell faster this week, data showed, due to robust demand.

* Warehouse stock for Aluminium at LME was at 1284300mt that is down by -975mt.

* BUY ALUMINIUM DEC 2019 @ 132.00 SL 131.00 TGT 133.00-134.00.MCX

 

To Read Complete Report & Disclaimer Click Here

 

Views express by all participants are for information & acadamic purpose only. Kindly read disclaimer before refering below views. Click Here For Disclaimer