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Copper

Copper trading range for the day is 671.8-683.6.

Copper gains as support for the property sector in China brightened the demand outlook.

MMG mine in Peru resumes copper output; transportation still halted

Workers for Chile's Escondida mine accept BHP's offer and will not strike

Warehouse stock for Copper at LME was at 90900mt that is down by -300mt. 3

BUY COPPER DEC 2022 @ 670.00 SL 666.00 TGT 675.00-678.00.MCX

Zinc

Zinc trading range for the day is 260.8-268.4.

Zinc dropped as the renewed pandemic outbreak across the country weighed on the market sentiment.

Global zinc market deficit rises to 103,000 T in September – ILZSG

China imported 1,007 mt of refined zinc in October, down 77.55% on the month and 97.54% on the year.

Warehouse stock for Zinc at LME was at 41425mt that is down by -25mt.

BUY ZINC DEC 2022 @ 262.00 SL 258.00 TGT 266.00-268.00.MCX

Nickel

Nickel trading range for the day is 734.3-734.3.

Nickel settled flat as Sumitomo Metal sees global nickel demand for battery use at 410,000 in 2022

Global nickel market sees surplus in February – INSG

Nickel briquette prices stood above 200,000 yuan/mt, and demand from nickel sulphate plants may contract.

Warehouse stock for Nickel at LME was at 52170mt that is unchange mt.

SELL NICKEL DEC 2022 @ 0.00 SL 0.00 TGT 0.00-0.00.MCX

Aluminium

Aluminium trading range for the day is 204.5-210.1.

Aluminium prices rebounded as declining inventories outweighed demand concerns.

LME Inventories were down 14.2% from 587,100 tonnes on Oct. 26.

SHFE Aluminium inventories declined 11.9% to 110,017 tonnes last Friday, the lowest since February 2017

Warehouse stock for Aluminium at LME was at 503150mt that is down by -550mt.

BUY ALUMINIUM DEC 2022 @ 204.00 SL 201.00 TGT 208.00-210.00.MCX

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