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* Copper trading range for the day is 385.9-391.3.
* Copper prices retreated as the spreading new coronavirus pandemic continued to dampen demand outlook for the metal.
* Glencore's Zambian unit Mopani Copper Mines said it would shutter its mines following disruption from the pandemic and low copper prices.
* The global world refined copper market showed a 68,000 tonnes surplus in December, compared with a 49,000 tonnes deficit in November.
* Warehouse stock for Copper at LME was at 259850mt that is up by 43350mt.
BUY COPPER APR 2020 @ 377.00 SL 373.50 TGT 382.00-384.50.MCX
* Zinc trading range for the day is 147.1-149.9.
* Zinc dropped as investors turned wary on getting too optimistic about the coronavirus while death tolls were still mounting across the globe.
* Raw material supply shortages at Chinese zinc smelters have eased following recent gains in zinc prices and a cut to concentrate treatment charges
* The global zinc market flipped to a surplus of 35,600 tonnes in January from a deficit of 1,200 tonnes in December.
* Warehouse stock for Zinc at LME was at 89475mt that is up by 14075mt.
BUY ZINC APR 2020 @ 145.20 SL 143.00 TGT 147.50-149.00.MCX
* Nickel trading range for the day is 879.3-891.1.
* Nickel gains as support seen after Global Ferronickel Holdings Inc., has decided to suspend mining operations to allay growing concerns over the spread of the coronavirus.
* The Philippines' Nickel Asia Corp said on Wednesday it has decided to suspend its nickel ore mining and export operations in the southern province of Surigao del Norte.
* China's foreign exchange reserves came in at $3.0606 trillion at the end of March, official data showed.
* Warehouse stock for Nickel at LME was at 229062mt that is up by 456mt.
BUY NICKEL APR 2020 @ 862.00 SL 856.00 TGT 870.00-876.00.MCX
* Aluminium trading range for the day is 132-133.8.
* Aluminium dropped as ample supply swamped weak demand in the wake of the coronavirus outbreak.
* Social inventories of primary aluminium ingots declined sharply over the holiday-extended weekend, as demand improved.
* The number of Job Openings in the US fell to 6.9 million on the last business day of February.
* Warehouse stock for Aluminium at LME was at 1227450mt that is up by 13700mt.
BUY ALUMINIUM APR 2020 @ 134.00 SL 132.00 TGT 136.00-137.20.MCX
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