Copper trading range for the day is 445.9-454.3.
Copper prices gained tracking firmness in LME prices finished 0.5 percent higher at $6,945 amid weakness in dollar.
China's imports of unwrought copper and copper products in February stood at 352,000 mt, down 20% month on month while up 3.5% year on year.
Copper speculators cut their net long position by 12,627 contracts to 28,776 contracts, according to the CFTC data.
Warehouse stock for Copper at LME was at 321475mt that is up by 350mt.
BUY COPPER APR 2018 @ 449.00 SL 447.00 TGT 452.00-454.50.MCX
Zinc trading range for the day is 210.6-215.8.
Zinc prices gained after LME zinc rose 1.4 percent to $3,286 due to low level buying amid firmness in other base metals counters.
Brazilian miner Nexa Resources SA said that it has reached a deal to end a workers' strike at its Cajamarquilla zinc smelter in Peru.
The spread of cash zinc to the three-month contract moved to a $3.50 discount for cash from a premium of nearly $50 in late February
Warehouse stock for Zinc at LME was at 197500mt that is down by -2500mt.
BUY ZINC APR 2018 @ 211.00 SL 209.50 TGT 213.50-214.50.MCX
Nickel trading range for the day is 876.2-910.4.
Nickel prices gained supported by lower inventories of nickel and China's top steelmaking city deepens output curbs to extend war on smog.
Nickel ore export from the Philippines is expected to drop to 550,000 wmt in February, due to adverse weather conditions.
China’s nickel concentrate supplies to grow as new mines in Qinghai province and Russia are set to open in 2020.
Warehouse stock for Nickel at LME was at 326364mt that is down by -426mt.
SELL NICKEL MAR 2018 @ 905.00 SL 918.00 TGT 892.00-880.00.MCX
Aluminium trading range for the day is 134-137.
Aluminium prices ended with gains on speculation China may sustain supply cuts after winter production curbs expire in two days.
Inventories in Shanghai reached a fresh record high of 846,913 tonnes, putting pressure on prices.
Expectations of growing surpluses of aluminium has reinforced the trend of falling discounts for the cash contract over the three-month forward, at around two-month lows of $18
Warehouse stock for Aluminium at LME was at 1301700mt that is down by -4700mt.
SELL ALUMINIUM MAR 2018 @ 136.50 SL 138.00 TGT 134.80-133.00.MCX
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