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01-01-1970 12:00 AM | Source: Kedia Advisory
Buy Aluminium Jul 2023 @ 198 Sl 196 TGT 201-203. MCX - Kedia Advisory
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ALUMINIUM

Observations

Aluminium trading range for the day is 194.9-202.4

Aluminium prices rise on weaker dollar and China demand hopes

Aluminium inventories in LME-registered warehouses fell to 531,725 metric tons after 2,350 tons of outflows

Japanese buyer agrees to pay Q3 aluminium premium of $127.5/T

BUY ALUMINIUM Jul 2023 @ 198 SL 196 TGT 201-203. MCX

 

COPPER

Copper trading range for the day is 714.4-736.2

Copper gains as output in top producer Chile sank 14% annually in May

China's June copper cathode output jumped 14% from a year ago.

The higher global prices led to a continual unfavorable import condition for buyers in China.

BUY COPPER Jul 2023 @ 725 SL 721 TGT 730-734. MCX

 

ZINC

Zinc trading range for the day is 212-220

Zinc gains lifted by hopes of more stimulus for China's property sector.

China's central bank extended until the end of 2024 some policies in a November rescue package to shore up the real estate sector

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

BUY ZINC Jul 2023 @ 215 SL 212 TGT 218-220. MCX

 

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