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Copper

Copper trading range for the day is 633.9-667.1.

Copper plunged as persistent concerns about recession dampened metals demand.

China's June copper output flat on prior month

Peru's Las Bambas copper mine revives after protest; but deal talks stall

Warehouse stock for Copper at LME was at 133100mt that is up by 75mt.

BUY COPPER JUL 2022 @ 646.00 SL 640.00 TGT 654.00-660.00.MCX

ZINC

Zinc trading range for the day is 268.8-284.2.

Zinc dropped amid mounting fears of a global economic slowdown.

Rising virus cases throughout China and the discovery of a new Omicron sub variant in Shanghai also raised fears about lockdowns in country

China's refined zinc output stood at 490,300 mt in June, down 24,900 mt or 4.84% MoM and 17,700 mt or 3.48% YoY.

Warehouse stock for Zinc at LME was at 82775mt that is down by -100mt.

NICKEL

Nickel trading range for the day is 668.3-668.3.

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 64170mt that is down by -1260mt.

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

ALUMINIUM

Aluminium trading range for the day is 203.6-213.

Aluminium dropped as the resurging pandemic in Wuxi has affected the market.

China inflation rate hits 23-month high

China producer inflation slows to 15-month low

Warehouse stock for Aluminium at LME was at 343825mt that is down by -3350mt.

BUY ALUMINIUM JUL 2022 @ 206.00 SL 200.00 TGT 214.00-220.00.MCX

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