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Copper trading range for the day is 442-448.
Copper prices ended with gains on better-than-expected data from major consumer China.
China's June industrial output climbed 6.3% from a year earlier, while January-June fixedasset investment rose 5.8% from the same period last year.
China's unwrought copper imports in June fell 27.2% from a year earlier, official data showed
Warehouse stock for Copper at LME was at 285825mt that is down by -2375mt.
BUY COPPER JUL 2019 @ 439.00 SL 436.00 TGT 443.00-446.00.MCX
Zinc trading range for the day is 192.3-195.7.
Zinc prices ended with gains amid lower US dollar and more-than-expected domestic social financing for June.
Zinc social inventories across Shanghai, Tianjin and Guangdong continued to shrink over the weekend, as limited deliveries from smelters arrived at warehouses.
US producer prices rose slightly in June as the cost of energy and other goods fell for a second straight month, offsetting an acceleration in services.
Warehouse stock for Zinc at LME was at 78550mt that is down by -825mt.
BUY ZINC JUL 2019 @ 191.00 SL 189.50 TGT 193.00-194.50.MCX
Nickel trading range for the day is 921.5-959.1.
Nickel prices rallied boosted by supply worries from major producer Indonesia.
Investors were concerned of nickel supply amid fresh reports that Indonesia, would stick to its plan to re-impose an ore export ban from 2022.
China’s exports fell in June as the US ramped up trade pressure, while imports shrank more than expected and reflected further weakness.
Warehouse stock for Nickel at LME was at 150324mt that is down by -516mt.
BUY NICKEL JUL 2019 @ 905.00 SL 895.00 TGT 920.00-930.00.MCX
Aluminium trading range for the day is 142-144.2.
Aluminium prices gained as better than expected industrial output and investment data from top consumer China boosted sentiment
China's growth in April-June, however, slowed to 6.2% from a year earlier, the weakest in at least 27 years and in line with expectations.
China's daily aluminium output hit record levels in June, according to calculations, even as total production for the whole of the month fell slightly.
Warehouse stock for Aluminium at LME was at 945375mt that is up by 18500mt
BUY ALUMINIUM JUL 2019 @ 142.00 SL 140.50 TGT 143.80-145.20.MCX
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