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Published on 19/04/2021 12:21:04 PM | Source: Kedia Advisory

Buy Aluminium Apr 2021 @ 187.60 SL 185.00 TGT 190.00-191.50.MCX - Kedia Advisory

Posted in Commodities Reports| #Commodity Tips #Kedia Advisory

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COPPER

Copper trading range for the day is 701.3-723.1.

Copper prices dropped as Copper inventories in warehouses monitored by the Shanghai Futures Exchange rose 4.6% from a week earlier

.Goldman Sachs said copper could reach $15,000 a tonne by 2025 and raised its 12-month target to $11,000 a tonne

Citi said copper consumption could "materially overshoot our base forecasts in 2021

Warehouse stock for Copper at LME was at 165375mt that is down by -4100mt.

BUY COPPER APR 2021 @ 715.00 SL 710.00 TGT 721.00-724.50.MCX

 

ZINC

Zinc trading range for the day is 226-231.

Zinc prices ended with losses as China’s industrial output slowed in March to 14.1%

China's first quarter GDP print slightly misses expectations

U.S. homebuilding surged to nearly a 15-year high in March

Warehouse stock for Zinc at LME was at 294800mt that is down by -1725mt.

BUY ZINC APR 2021 @ 228.80 SL 227.00 TGT 230.60-232.00.MCX

 

NICKEL

Nickel trading range for the day is 1188.5-1257.9.

Nickel prices dropped as pressure after Nickel ore inventories across all Chinese ports increased 135,000 wmt

China's refined nickel cathode output fell 4.8% in March from the previous month to 13,021 tonnes

U.S. homebuilding surged to nearly a 15-year high in March, adding to robust retail sales data the prior day, suggesting the economy was roaring.

Warehouse stock for Nickel at LME was at 262950mt that is down by -252mt.

BUY NICKEL APR 2021 @ 1230.00 SL 1218.00 TGT 1245.00-1252.00.MCX

 

ALUMINIUM

Aluminium trading range for the day is 185.7-189.3.

Aluminum prices dropped on profit booking after data showed China’s industrial production rises less than expected

China March aluminium output hits monthly record as new capacity comes on stream

Primary aluminium output in China, was up 8.5% year-on-year at 3.28 million tonnes last month

Warehouse stock for Aluminium at LME was at 1824250mt that is down by -5075mt.

BUY ALUMINIUM APR 2021 @ 187.60 SL 185.00 TGT 190.00-191.50.MCX

 

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