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COPPER

Copper trading range for the day is 747.3-760.7.

Copper dropped as copper inventory in major Chinese markets added 58,800 mt from preholiday level

Chile copper exports hit $3.9 bln in January

MMG Ltd said that production at its Las Bambas copper mine in Peru may stop by Feb. 20

Warehouse stock for Copper at LME was at 80025mt that is down by -2200mt.

BUY COPPER FEB 2022 @ 752.00 SL 746.00 TGT 758.00-762.00.MCX

ZINC

Zinc trading range for the day is 295.8-306.

Zinc prices gained as worries about supplies from top producer China reinforced by sliding stocks.

China Services PMI Falls to 5-Month Low

Global zinc market deficit slips to 19,700 T in Nov – ILZSG

Warehouse stock for Zinc at LME was at 154325mt that is down by -625mt.

BUY ZINC FEB 2022 @ 300.50 SL 298.50 TGT 303.00-305.00.MCX

NICKEL

Nickel trading range for the day is 1730.9-1813.1.

Nickel prices rallied as inventories of nickel in Shanghai Futures Exchange warehouses were at a record low of 2,975 tonnes.

Stocks in LME-registered warehouses were at 87,504 tonnes, its lowest level in more than two years.

Global nickel market sees 3,000 tonne deficit in Nov – INSG

Warehouse stock for Nickel at LME was at 87012mt that is down by -492mt.

BUY NICKEL FEB 2022 @ 1765.00 SL 1750.00 TGT 1782.00-1795.00.MCX

ALUMINIUM​​​​​​​

Aluminium trading range for the day is 245.6-253.

Aluminium prices rose on supply woes, low inventories

LME warehouse inventories were at 775,475 tonnes, their lowest levels since February 2007.

The intensifying tensions over Ukraine has also raised concerns over exports from major aluminium producer Russia

Warehouse stock for Aluminium at LME was at 768250mt that is down by -7225mt.

BUY ALUMINIUM FEB 2022 @ 249.00 SL 247.00 TGT 251.50-253.00.MCX

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