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COPPER

Copper trading range for the day is 806-828.6.

Copper prices rebounded bolstered by hopes of more stimulus in China to support its pandemic-hit economy and lingering concerns about supply

China's central bank urged financial institutions to step up support for the contactintensive service sector and small firms affected by the pandemic

China's refined copper production in March 2022 rose 7.2% year-on-year to 940,000 tonnes

Warehouse stock for Copper at LME was at 130500mt that is up by 1725mt

BUY COPPER APR 2022 @ 816.50 SL 810.00 TGT 824.00-828.00.MCX

ZINC

Zinc trading range for the day is 362-381.4.

Zinc rose as domestic ore supply was relatively tight, and zinc ore and concentrate imports in March dropped 29.25% YoY.

Refined zinc imports dropped 53.63% YoY in March, while the exports stood at 13,766 mt, up 25.9% MoM.

Warehouse stock for Zinc at LME was at 106125mt that is down by -2725mt.

BUY ZINC APR 2022 @ 372.00 SL 369.00 TGT 376.00-378.50.MCX

NICKEL

Nickel trading range for the day is 2484.4-2562.4

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

However upside seen limited amid demand worries due to continued COVID-19 lockdowns in China weighed on the metals.

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 72894mt that is up by 360mt.

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

ALUMINIUM

Aluminium trading range for the day is 266.3-275.1.

Aluminium gained as global aluminium output falls 1.55% in March year on year

The latest data showed China’s primary aluminum imports fell by 55.1% from a year earlier in March and by 71% in Q1.

China ramped up aluminum exports, rising 26.7% on an annual basis to 1.6 million tonnes in Q1

Warehouse stock for Aluminium at LME was at 589725mt that is down by -2450mt.

BUY ALUMINIUM APR 2022 @ 270.00 SL 267.00 TGT 274.00-276.50.MCX

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