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COPPER

Copper trading range for the day is 639.5-669.3

Copper prices dropped after Shanghai warehouse copper stocks rose by 109.3 %

Solid Chinese demand for copper, amid tight supply, has helped Yangshan import copper premium surge to $137.50 a tonne

Codelco offers 2023 European copper premiums at record high

Warehouse stock for Copper at LME was at 145650mt that is up by 250mt.

SELL COPPER OCT 2022 @ 654.00 SL 658.00 TGT 648.00-647.00.MCX

ZINC

Zinc trading range for the day is 264.7-278.7.

Zinc dropped as tightening financial conditions and rising risks of a global recession weighed on prices

China's Sept CPI rises at fastest pace since April 2020

China's central bank chief promised stronger support for the real economy

Warehouse stock for Zinc at LME was at 51500mt that is down by -425mt.

SELL ZINC OCT 2022 @ 272.00 SL 276.00 TGT 267.00-264.00.MCX

NICKEL 

Nickel trading range for the day is 638.8-638.8

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 52698mt that is unchange mt

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

ALUMINIUM

Aluminium trading range for the day is 196.7-215.3.

Aluminium falters as rising inventories highlight weak fundamentals

Aluminium inventories rose in LME warehouses by 41,400 tonne and in SHFE warehouses by 12,293 tonnes

The London Metal Exchange (LME) is also considering barring Russian metal from its system.

Warehouse stock for Aluminium at LME was at 367200mt that is up by 15300mt.

SELL ALUMINIUM OCT 2022 @ 205.00 SL 208.00 TGT 201.00-198.00.MCX

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