320-x-100_uti_gold.jpg" alt="Advertisement">
Buy Copper Dec 2021 @ 730.00 SL 724.00 TGT 736.00-739.00.MCX - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Copper
Copper trading range for the day is 726.5-739.5.
Copper remained supported boosted by positive demand outlook as government said will focus on economic stability next year.
Copper miners, smelters inch closer to treatment charge deal
MMG's Las Bambas mine ups offer to Peruvian community in bid to avoid production shutdown
Warehouse stock for Copper at LME was at 84450mt that is up by 2675mt.
BUY COPPER DEC 2021 @ 730.00 SL 724.00 TGT 736.00-739.00.MCX
Zinc
Zinc trading range for the day is 274.2-283.
Zinc prices rose as the total zinc inventory across seven major markets in China totalled 125,600 mt, down 5,100 mt from last Monday.
The environmental protection incident in Guangxi did not evolve, and the production in the south was not affected, hence the zinc supply was relatively sufficient.
China raises banks' FX reserve requirements for 2nd time this year
Warehouse stock for Zinc at LME was at 190900mt that is up by 26475mt.
BUY ZINC DEC 2021 @ 276.50 SL 274.00 TGT 279.00-280.50.MCX
Nickel
Nickel trading range for the day is 1530.5-1570.5.
Nickel dropped as traders weighed inflation and pandemic woes against a stronger demand outlook in China.
Chinese policymakers pledged to implement prudent monetary policy and proactive fiscal policies to stabilize the economy and support growth
US consumer prices climbed 6.8% YoY in November, the steepest price hike since June of 1982
Warehouse stock for Nickel at LME was at 108276mt that is down by -354mt.
BUY NICKEL DEC 2021 @ 1548.00 SL 1534.00 TGT 1564.00-1572.00.MCX
Aluminium
Aluminium trading range for the day is 212.5-218.9.
Aluminium gains as the PBoC announced to raise the foreign exchange RRR by 2 percentage points to 9%.
Data showed that China's aluminium output was 3.07 million mt in November (30 days), a year-on-year decrease of 3%.
China raises banks' FX reserve requirements for 2nd time this year
Warehouse stock for Aluminium at LME was at 909650mt that is down by -3550mt.
BUY ALUMINIUM DEC 2021 @ 212.50 SL 210.50 TGT 214.50-215.80.MCX
To Read Complete Report & Disclaimer Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
