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ALUMINIUM

Observations

Aluminium trading range for the day is 195.1-198.6

Aluminium gains on heightened expectations for economic stimulus measures in China

Western European production has been sliding steadily over the last 15 years

Aluminium smelters in China's southwestern Yunnan province have started to ramp up production

BUY ALUMINIUM Jul 2023 @ 195 SL 193 TGT 198-200. MCX

COPPER

Observations

Copper trading range for the day is 712-729.5

Copper dropped amid weak economic data from China

Pressure also seen amid concerns about the effect of a global economic slowdown on demand for growth-dependent base metals

China's producer prices fell at their fastest pace in more than seven years in June

BUY COPPER Jul 2023 @ 718 SL 714 TGT 723-728. MCX

ZINC

Observations

Zinc trading range for the day is 212-218

Zinc dropped amid concerns about the effect of a global economic slowdown

Global zinc market surplus fell to 12,500 metric tons in April, down from 65,000 tons a month earlier

China's factory activity growth slowed in June, with sentiment waning

BUY ZINC Jul 2023 @ 213 SL 210 TGT 216-218. MCX

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