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ALUMINIUM

OBSERVATIONS

Aluminium trading range for the day is 198.8-201.

Aluminium gains as signs of economic stabilisation in China sparked demand hopes

In August 2023, China's aluminium production hit 3.623 million mt, up 3.9% yoy.

Russian aluminium in LME system steady at 81% in August 

SELL ALUMINIUM SEP @ 203 SL 206 TGT 200-198. MCX

COPPER

OBSERVATIONS

Copper trading range for the day is 716.5-729.3.

Copper prices rebounded as investors welcome improved economic data from China.

China's consumer prices returned to positive territory in August

Copper stocks on SHFE rose for a third consecutive week on Friday to 54,955 tons

SELL COPPER SEP @ 736 SL 740 TGT 730-727. MCX

ZINC

OBSERVATIONS
Zinc trading range for the day is 214.1-222.1.

Zinc gains as China's zinc ingot stocks fall 2,300 mt to 93,300 mt.

Zinc concentrate supply tightened as domestic zinc concentrate TCs fell along with imported zinc concentrate TCs.

China's August refined zinc output was 526,500 mt, a decrease of 24,600 mt or 4.46% month on month 

SELL ZINC SEP @ 224 SL 227 TGT 220-218. MCX 

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