Buy Aluminium SEP @ 197 SL 195 TGT 200-202. MCX - Kedia Advisory
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ALUMINIUM
OBSERVATIONS
Aluminium trading range for the day is 197.2-200.6.
Aluminium dropped as China's Yunnan province started ramping up production
Domestic aluminum ingots social inventory is about to fall below 500,000 mt
IAI revealed that global primary aluminum production in July declined by 0.5% compared to the previous year
BUY ALUMINIUM SEP @ 197 SL 195 TGT 200-202. MCX
COPPER
OBSERVATIONS
Copper trading range for the day is 727.8-738.8.
Copper fell as unease surrounding high interest rates curbing global growth
However, downside seen limited amid optimism about an uptick of demand in China
U.S. business activity came to a near standstill in August, the slowest growth since February
BUY COPPER SEP @ 728 SL 724 TGT 733-737. MCX
ZINC
OBSERVATIONS
Zinc trading range for the day is 212.1-216.9.
Zinc prices gains as U.S. dollar weakened, and short sellers left the market.
Global zinc market surplus rises in June to 76,000 tons – ILZSG
The PMI in the euro zone exceeded expectations in August and recorded 43.7
BUY ZINC SEP @ 213 SL 211 TGT 216-218. MCX
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