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Copper

Copper trading range for the day is 658-669.4.

Copper gains amid hopes that demand may improve amid the possibility that the Fedcould slow its tightening momentum.

Concerns of tight supplies in the long run were also prevalent, with industrial playersflagging increasing risks of shortages.

Global copper market to see 155,000 tonne surplus in 2023, says ICSG

Warehouse stock for Copper at LME was at 125825mt that is down by -4975mt.

BUY COPPER NOV 2022 @ 658.00 SL 653.00 TGT 665.00-668.00.MCX

Zinc

Zinc trading range for the day is 266.3-277.3.

Zinc prices dropped as a gloomy outlook of global economy fanned concerns of tepiddemand for metals.

China imported 390,600 mt of zinc concentrates in September 2022, up 142,000 mt or3.77% MoM and 53.49% YoY.

Global zinc market deficit climbs to 101,100 T in August – ILZSG

Warehouse stock for Zinc at LME was at 48175mt that is down by -750mt.

BUY ZINC NOV 2022 @ 270.00 SL 267.00 TGT 274.00-278.00.MCX

Nickel

Nickel trading range for the day is 632.3-632.3.

Nickel settled flat as Sumitomo Metal sees global nickel demand for battery use at410,000 in 2022

Global nickel market sees surplus in February – INSG

Nickel briquette prices stood above 200,000 yuan/mt, and demand from nickel sulphateplants may contract.

Warehouse stock for Nickel at LME was at 52884mt that is down by -24mt.

SELL NICKEL NOV 2022 @ 0.00 SL 0.00 TGT 0.00-0.00.MCX

Aluminium

Aluminium trading range for the day is 196.9-207.9.

Aluminum dropped as macro-economic concerns and improving production in world's topproducer China weighed on markets.

Global aluminium output rises 4.28% y/y in September – IAI

Aluminium ingot social inventory dropped 15,000 mt from a week ago to 621,000 mt as ofthis Thursday October 27.

Warehouse stock for Aluminium at LME was at 587100mt that is up by 13025mt.

BUY ALUMINIUM NOV 2022 @ 200.00 SL 197.00 TGT 203.00-206.00.MCX

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