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COPPER

Copper trading range for the day is 663.9-675.5.

Copper prices fell amid rising exchange inventories and signs of weakening demand from top consumer China weighed on sentiment.

US. Labor Department data showed claims for unemployment benefits dropped to a oneyear low last week

China's copper smelter group decided not to set a treatment and refining charges (TC/RCs) floor price for the second quarter.

Warehouse stock for Copper at LME was at 132050mt that is up by 8250mt.

SELL COPPER APR 2021 @ 670.00 SL 674.00 TGT 666.00-664.00.MCX

ZINC

Zinc trading range for the day is 218.8-221.4.

Zinc settled flat amid concerns about a surge in COVID-19 cases across Europe and the negative impact of restrictive measures and vaccine delays on economic recovery.

The global zinc market was oversupplied by 11,700 tonnes in January after a revised surplus of 23,500 tonnes in December

Data showed that social inventories of refined zinc ingots decreased 5,700 mt from last Friday March 26 to 242,300 mt

Warehouse stock for Zinc at LME was at 271050mt that is down by -50mt.

BUY ZINC APR 2021 @ 219.00 SL 216.50 TGT 221.50-222.80.MCX

NICKEL

Nickel trading range for the day is 1171.2-1201.6.

Nickel dropped after Japan's Sumitomo Corp said its Ambatovy nickel project in Madagascar resumed operation after being shut since March 2020 due to the coronavirus crisis.

Refined nickel inventories in ShFE warehouses dropped to their lowest since June 2019 at 9,339 tonnes.

China set to lead recovery of East Asian and Pacific economies: World Bank

Warehouse stock for Nickel at LME was at 261018mt that is up by 114mt.

BUY NICKEL APR 2021 @ 1186.00 SL 1174.00 TGT 1200.00-1214.00.MCX

ALUMINIUM

Aluminium trading range for the day is 176.7-179.7.

Aluminium dropped as dollar held near its highest since November buoyed by hopes over improving U.S. economic data and the availability of coronavirus vaccines

Prices rallied on Friday amid tightening supplies and continued robust demand from the automotive, packaging and construction sectors.

University of Michigan's consumer sentiment index rose to its highest level in a year in March.

Warehouse stock for Aluminium at LME was at 1917075mt that is down by -8925mt.

BUY ALUMINIUM APR 2021 @ 177.50 SL 175.50 TGT 180.00-181.60.MCX

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