SELL ZINC JAN @ 313 SL 315 TGT 310-308. MCX - Kedia Advisory
Aluminium
SELL ALUMINIUM JAN @ 316 SL 318 TGT 314-312. MCX
Observations
Aluminium trading range for the day is 312.7-318.3.
Aluminium dropped as Global aluminium output rises 0.5% year on year in December
Inventories in warehouses monitored by the Shanghai Futures Exchange rose 29.2% from last Friday.
The global supply of primary aluminum was short of demand by 108,700 tons in October.
Copper
SELL COPPER JAN @ 1290 SL 1300 TGT 1280-1270. MCX
Observations
Copper trading range for the day is 1258.6-1319.
Copper eased amid signs of softening demand in top consumer China.
The Yangshan import premium, has halved over the past month to its lowest level since mid-2024.
Peru's copper production down 11.2% year – on – year in November
Zinc
SELL ZINC JAN @ 313 SL 315 TGT 310-308. MCX
Observations
Zinc trading range for the day is 307.6-316.8.
Zinc dropped dragged down by revived demand concerns triggered by a raft of remaining weak data in China.
However downside seen limited on a weaker dollar and after data from China came in better than expected.
Zinc inventories in warehouses monitored by the Shanghai Futures Exchange rose 3.3% from last Friday.
