Sell Aluminium Oct @ 242 SL 244 TGT 240-238. MCX- Kedia Advisory
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ALUMINIUM
Observation
Aluminium trading range for the day is 234.4-247.8.
Aluminium seen supported amid China’s economic support measures.
The premium of LME October aluminium over November hit $18 a metric ton from a premium of $5.85 about three weeks ago.
Global aluminium surplus seen at 200,000-300,000 T in 2025
SELL ALUMINIUM OCT @ 242 SL 244 TGT 240-238. MCX
COPPER
Observation
Copper trading range for the day is 838.1-874.7.
Copper dropped on profit booking as investors awaited more cues following a series of stimulus measures from Beijing.
SHFE Copper inventories rose to 141,625 tons on Sept. 30
The LME cash copper contract was trading at a discount of $141.16 a ton against the three-month contract
SELL COPPER OCT @ 856 SL 861 TGT 851-847. MCX
ZINC
Observation
Zinc trading range for the day is 278.5-292.3
. Zinc dropped on profit booking after prices gained amid China’s economic stimulus measures
The global refined zinc market could see a 164,000 metric ton deficit in 2024
Zinc inventories in SHFE dropped to 79,980 metric tons on Monday.
SELL ZINC OCT @ 285 SL 288 TGT 282-280. MCX
