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Copper

Copper trading range for the day is 703-719.4.

Copper dropped as imports into top consumer China declined 41% year-on-year in August to their lowest since June 2019 at 394,017 tonnes

Arrivals of unwrought copper and products into China, the world's top copper consumer, were 394,017 tonnes last month

China August exports rise 25.6% y/y, above forecast and July's gain

Warehouse stock for Copper at LME was at 242550mt that is down by -8150mt.

BUY COPPER SEP 2021 @ 712.50 SL 708.00 TGT 718.00-722.00.MCX

Zinc

Zinc trading range for the day is 243.5-252.9.

Zinc prices gained as inventories in Shanghai and London both fell, and the market kept an eye on the seasonal high in September and October.

China released its trade data for August, higher than the previous value and estimate, maintaining its growth since April, 2020

Production costs of die-casting alloy enterprises continued to climb due to rising raw material prices, creating great pressures to daily production and operation.

Warehouse stock for Zinc at LME was at 233100mt that is down by -2675mt.

BUY ZINC SEP 2021 @ 244.80 SL 243.00 TGT 247.00-248.40.MCX

NICKEL

Nickel trading range for the day is 1447.4-1488.2.

Nickel remained supported as nickel inventories were basically low, while supply of ferronickel and nickel ore was still tight, supporting prices.

China's exports and imports logged sharp growth in August despite COVID-related port closures, official data showed

Despite supply chain problems, Germany's industrial output grew for the first time in four months in July

Warehouse stock for Nickel at LME was at 185160mt that is down by -2442mt.

BUY NICKEL SEP 2021 @ 1456.00 SL 1442.00 TGT 1472.00-1484.00.MCX

Aluminium

Aluminium trading range for the day is 216.2-219.8.

Aluminium settled flat after prices remained supported as supply concerns sparked by a coup in Guinea added to production disruptions elsewhere.

Chinese exports of unwrought aluminium and products were 490,286 tonnes in August

China August exports rise 25.6% y/y, above forecast and July's gain

Warehouse stock for Aluminium at LME was at 1333625mt that is down by -7375mt.

BUY ALUMINIUM SEP 2021 @ 214.50 SL 212.50 TGT 216.80-218.20.MCX

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