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COPPER

Copper trading range for the day is 763-824.8.

Copper pared gains on profit booking after prices climbed to record high levels as hopes of improved demand and tight supply fuelled sentiment.

China's copper concentrate imports in the first four months of 2021 were up 4.4% year-onyear at 7.88 million tonnes, according to customs data

China copper smelters to cut concentrate purchases to lift treatment charges

Warehouse stock for Copper at LME was at 123200mt that is down by -3525mt.

BUY COPPER MAY 2021 @ 725.00 SL 719.00 TGT 732.00-736.00.MCX

ZINC

Zinc trading range for the day is 230.3-242.9.

Zinc prices dropped as zinc mines restored production, while more smelters will conduct maintenance in May, which weighed on demand for zinc.

China's refined zinc output stood at 499,300 mt in April, up 0.49% or 2,500 mt on the month and up 4.11% on the year.

Nonfarm payrolls increased by only 266,000 jobs last month after rising by 770,000 in March, the Labor Department said

Warehouse stock for Zinc at LME was at 290500mt that is down by -300mt.

BUY ZINC MAY 2021 @ 227.00 SL 225.00 TGT 229.50-231.00.MCX

NICKEL

Nickel trading range for the day is 1282.6-1354.6

Nickel dropped on profit booking as China exchanges move to cool iron ore, steel price rally

China announced a series of measures to tighten controls on steel capacity, in an effort to curb pollution in key areas

China’s refined nickel output dropped 0.21% from March to 13,000 mt in April

Warehouse stock for Nickel at LME was at 259044mt that is down by -942mt.

BUY NICKEL MAY 2021 @ 1216.00 SL 1204.00 TGT 1230.00-1238.00.MCX

ALUMINIUM

Aluminium trading range for the day is 195-209.

Aluminium prices settled flat after China’s primary aluminium output rose 9.87% year on year to 3.25 million mt in April

For the first four months of 2021, primary aluminium output totalled 12.94 million mt, rising 8.6% from the same period last year.

US Nonfarm payrolls increased by only 266,000 jobs, far lower than the expected 1 million.

Warehouse stock for Aluminium at LME was at 1789725mt that is down by -7375mt.

BUY ALUMINIUM MAY 2021 @ 190.00 SL 188.40 TGT 191.80-193.00.MCX

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