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COPPER

Copper trading range for the day is 651.1-678.3.

Copper prices dropped amid concerns over the outlook for global demand and as hawkish remarks from U.S. Federal Reserve officials

China produced 953,000 tonnes of refined copper in October, up 10.9% from a year ago

Shanghai warehouse copper stocks up 12.7%

Warehouse stock for Copper at LME was at 91250mt that is up by 1500mt.

BUY COPPER NOV 2022 @ 658.00 SL 654.00 TGT 664.00-668.00.MCX

ZINC

Zinc trading range for the day is 252.6-272.4.

Zinc dropped as signs of low demand and a rebound for the US dollar outweighed looming concerns of supply shortages.

Zinc ingot social inventory down 3,900 mt from Monday

Data showed that the China refined zinc output in October fell slightly short of expectation and stood at 514,100 mt, up 2.02%

Warehouse stock for Zinc at LME was at 42425mt that is down by -275mt.

BUY ZINC NOV 2022 @ 260.00 SL 257.00 TGT 264.00-267.00.MCX

NICKEL

Nickel trading range for the day is 712.5-712.5.

Nickel settled flat as Sumitomo Metal sees global nickel demand for battery use at 410,000 in 2022

Global nickel market sees surplus in February – INSG

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

Warehouse stock for Nickel at LME was at 49470mt that is down by -42mt.

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

ALUMINIUM

Aluminium trading range for the day is 202.2-210.6.

Aluminum dropped as rising virus cases in China stoked fears that authorities would implement wider Covid restrictions.

China's October aluminium imports drop 34%

China's October aluminium output climbs 9.5% on relaxed power curbs

Warehouse stock for Aluminium at LME was at 522000mt that is down by -2375mt.

BUY ALUMINIUM NOV 2022 @ 204.00 SL 202.00 TGT 208.00-210.00.MCX

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