Buy Nickel Feb 2022 @ 1610.00 SL 1590.00 TGT 1642.00-1655.00.MCX - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
COPPER
Copper trading range for the day is 741.9-766.1.
Copper prices edged up supported by a weaker dollar and thin inventories
Mining giant Grupo Mexico said that global copper demand will grow 3% in 2022.
Codelco, Collahuasi copper mine production up in December – Chile's Cochilco
Warehouse stock for Copper at LME was at 82225mt that is down by -175mt.
BUY COPPER FEB 2022 @ 738.00 SL 735.00 TGT 743.00-748.00.MCX
ZINC
Zinc trading range for the day is 295.9-300.9.
Zinc prices rose as zinc premiums in Europe reached new highs during the week amid an acute lack of availability in the spot market
China's net imports of refined zinc slid by 16% to 429,000 tonnes last year, the lowest annual tally since 2016.
The global zinc market deficit edged lower to 19,700 tonnes in November from a revised shortfall of 22,100 tonnes a month earlier
Warehouse stock for Zinc at LME was at 154950mt that is up by 750mt.
BUY ZINC FEB 2022 @ 286.00 SL 284.00 TGT 288.50-290.00.MCX
NICKEL
Nickel trading range for the day is 1721.2-1760.4.
Nickel prices rose as renewed demand and limited promptly available inventories in both Europe and the United States boosted nickel prices.
China’s imports of refined nickel doubled year-on-year
The global nickel market saw a deficit of 3,000 tonnes in November compared with a shortfall of 1,600 tonnes a month earlier
Warehouse stock for Nickel at LME was at 87504mt that is down by -678mt.
BUY NICKEL FEB 2022 @ 1610.00 SL 1590.00 TGT 1642.00-1655.00.MCX
ALUMINIUM
Aluminium trading range for the day is 242.2-248.6.
Aluminium rose amid strong demand, tight supply, and high energy prices.
Stockpiles of aluminum in warehouses approved by the LME fell to less than 850,000 tons, the lowest level since 2007
Global primary aluminium output fell 1.25% year on year in December to 5.622 million tonnes
Warehouse stock for Aluminium at LME was at 775475mt that is down by -6425mt.
BUY ALUMINIUM FEB 2022 @ 233.00 SL 231.00 TGT 236.00-238.00.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
