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Cotton

Copper trading range for the day is 651.3-682.1.

Copper gains as hopes for solid demand in China offset fears about the pace of interest rate rises and slowing economic growth.

Yangshan copper import premiums have risen to $102.50 a tonne, the highest since December and up from just $6.50 earlier this year.

Chinese copper cathode output for January-July missed expectations to mark a decrease of 0.4%

Warehouse stock for Copper at LME was at 126475mt that is down by -2400mt.

BUY COPPER AUG 2022 @ 664.00 SL 660.00 TGT 670.00-674.00.MCX

Zinc

Zinc trading range for the day is 307-321.8.

Zinc dropped as the refined zinc output in August is expected to rise MoM

Closures were announced this week at a zinc smelter in Europe due to sky-high energy prices

Expectations of deeper production cuts in Europe, shortages and dwindling stocks after high energy costs forced Nyrstar to shut its zinc smelter in the Netherlands

Warehouse stock for Zinc at LME was at 74950mt that is down by -50mt.

BUY ZINC AUG 2022 @ 312.00 SL 308.00 TGT 317.00-320.00.MCX

NICKEL

Nickel trading range for the day is 628.3-628.3.

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 56010mt that is down by -24mt.

SELL NICKEL AUG 2022 @ 0.00 SL 0.00 TGT 0.00-0.00

ALUMINIUM???????

Aluminium trading range for the day is 207.6-213.4.

Aluminium remained supported as aluminium production cuts were still on in Sichuan province, involving a capacity of nearly 500,000 mt.

Overseas aluminium smelter Hydro also indicated production cuts. As such, market concerns on the supply side intensified.

China's July aluminium imports fall 38% on – year as domestic output jumps

Warehouse stock for Aluminium at LME was at 274525mt that is down by -2350mt.

BUY ALUMINIUM AUG 2022 @ 208.00 SL 204.00 TGT 213.00-216.00.MCX

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