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COPPER

Copper trading range for the day is 741.2-808.8.

Copper prices fell as a short squeeze on the LME eased and attention refocused on the threat of slowing demand in top consumer China

On-warrant copper stocks in LME-registered warehouses at 18,250 tonnes remain near multi-decade lows.

PBoC Injects CNY 100 Billion for 2nd Day

Warehouse stock for Copper at LME was at 165925mt that is down by -6100mt.

BUY COPPER OCT 2021 @ 790.00 SL 780.00 TGT 802.00-808.00.MCX

ZINC

Zinc trading range for the day is 269.3-311.9.

Zinc prices dropped rattled by concerns over tightening regulations on the commodities market in China.

South Korea’s Young Poong (YP) smelter will be closed from Nov. 8 – 17 as it violates the water environmental protection regulation.

U.S. existing home sales surge to 8-month high in September

Warehouse stock for Zinc at LME was at 199925mt that is down by -1025mt.

BUY ZINC OCT 2021 @ 300.00 SL 296.00 TGT 305.00-308.00.MCX

NICKEL

Nickel trading range for the day is 1483.4-1676.6.

Nickel prices fell amid fresh worries about the weakening Chinese property sector as a possible default by China Evergrande looms within days.

China's imports of nickel ore and nickel pig iron fell 1.6% and 12.3%, respectively, on a monthly basis in September

Bad weather could hit 2021 Philippine nickel output

Warehouse stock for Nickel at LME was at 142788mt that is down by -714mt.

BUY NICKEL OCT 2021 @ 1610.00 SL 1590.00 TGT 1635.00-1650.00.MCX

ALUMINIUM

Aluminium trading range for the day is 219.9-257.1.

Aluminum slipped as Chinese authorities took actions to ease an energy crisis that has been behind significant production and supply disruptions.

On the supply side, places like Xinjiang may experience a new wave of production reduction, leading to a decrease in the aluminium operating capacity.

China imported around 252,900 tons of unwrought aluminum and aluminum products in September this year, rising by 2.2%

Warehouse stock for Aluminium at LME was at 1092600mt that is down by -5700mt.

BUY ALUMINIUM OCT 2021 @ 246.50 SL 244.00 TGT 250.00-252.50.MCX

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