Buy Copper OCT @ 1400 SL BELOW 1392 TGT 1412. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM OCT @ 318 SL BELOW 315 TGT 324. MCX
Observations
Aluminium trading range for the day is 314.00-330.50.
Aluminium fell as some easing in passage restrictions in Hormuz has reconnected Gulf smelters to the world.
New supply from Indonesia is also ramping up, with exports topping 150,000 tons in August.
Inventories in warehouses monitored by the Shanghai Futures Exchange fell 7.8% from last release on Sep 30
COPPER
BUY COPPER OCT @ 1400 SL BELOW 1392 TGT 1412. MCX
Observations
Copper trading range for the day is 1387.00-1432.50.
Copper dropped as dollar climbed to its highest level since April 2025 after fresh inflation figures strengthened expectations Fed tightening.
Copper output from Chilean state-run miner Codelco jumped nearly 9% yoy in August to 101,700 metric tons
China's imports of copper rose 20.7% from month ago to 461,000 tonnes in September
ZINC
BUY ZINC OCT @ 414 SL BELOW 411 TGT 420. MCX
Observations
Zinc trading range for the day is 412.00-420.50.
Zinc dropped as Chinese zinc-concentrate output to rise in October as disrupted mines recover and maintenance operations resume.
Global zinc market shifted into a modest surplus in July, as refined supply slightly exceeded demand.
In September 2026, China's refined zinc production fell 1.9% MoM and 6.4% YoY.
