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Copper trading range for the day is 700-734.6.

Copper prices gained as Chile's copper production in Nov 2022 down 5.5% Yoy

The decline in China's demand for imported copper can also be reflected in Yangshan copper premiums.

Copper market in 46,000 tonne surplus in October –ICSG

Warehouse stock for Copper at LME was at 87775mt that is down by -150mt.

BUY COPPER JAN 2023 @ 718.00 SL 714.00 TGT 724.00-728.00.MCX

Zinc trading range for the day is 265.5-274.3.

Zinc prices gained as LME zinc inventories currently remain on the decline and dropped more rapidly last week

SHFE zinc inventories increased 12.55% to 20,453 mt in the week of , which currently stand at a low level

Zinc ingot social inventory across seven markets in China rose during New Year’s Day holiday

Warehouse stock for Zinc at LME was at 25800mt that is down by -1950mt.

BUY ZINC JAN 2023 @ 268.00 SL 267.00 TGT 272.00-274.00.MCX

Nickel trading range for the day is 823.3-823.3.

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 55032mt that is up by 252mt.

SELL NICKEL JAN 2023 @ 0.00 SL 0.00 TGT 0.00-0.00.MCX

Aluminium trading range for the day is 199-207.

Aluminum pared gains on profit booking after seen supported as the power rationing in south-west China dragged down operating aluminium capacity.

However, upside seen limited as the overall supply remained stable as the aluminium factories in Guangxi and Sichuan continued to resume the production

LME aluminium inventories have re-entered the downward cycle since late October last year

Warehouse stock for Aluminium at LME was at 436500mt that is up by 3925mt.

BUY ALUMINIUM JAN 2023 @ 200.00 SL 197.00 TGT 204.00-206.00.MCX

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