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COPPER

Copper trading range for the day is 769.7-806.7.

Copper prices gained amid fears of supply disruption from a mine in the world's No.2 producer Peru.

A Peruvian community will block a key mining road used by MMG's Las Bambas copper mine in protest after failed negotiations with the Andean nation's government

LME cash copper was at a record high $1,103.50-a-tonne premium over the three-month contract, indicating tight nearby inventories.

Warehouse stock for Copper at LME was at 172025mt that is down by -6200mt.

SELL COPPER OCT 2021 @ 790.00 SL 802.00 TGT 776.00-765.00.MCX

ZINC

Zinc trading range for the day is 286.7-311.5.

Zinc gains as investors fretted over supply shortage amid production cuts due to electricity price hikes in Europe

Belgium-based Nyrstar said it would cut production by up to 50% at its three European zinc smelters and Glencore

China's economy grew by 4.9% in the third quarter, its slowest pace in a year

Warehouse stock for Zinc at LME was at 200950mt that is down by -750mt.

SELL ZINC OCT 2021 @ 298.00 SL 306.00 TGT 290.00-285.50.MCX

NICKEL​​​​​​​

Nickel trading range for the day is 1500.7-1687.7.

Nickel gains due to production curbs driven by power shortages in Asia and Europe.

China central bank injects 100 billion yuan via reverse repos

China's new home prices stall in September; first time since February 2020

Warehouse stock for Nickel at LME was at 143502mt that is down by -354mt.

SELL NICKEL OCT 2021 @ 1560.00 SL 1576.00 TGT 1538.00-1526.00.MCX

ALUMINIUM​​​​​​​

Aluminium trading range for the day is 240.7-251.5.

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

Global aluminium output rises 1.77% y/y to 5.5 mln T in Sept – IAI

China Sept Alumina output fell 1.4% to 6.55 million tonnes

Warehouse stock for Aluminium at LME was at 1098300mt that is down by -4975mt.

SELL ALUMINIUM OCT 2021 @ 249.00 SL 252.00 TGT 244.00-241.50.MCX

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