Aluminium trading range for the day is 203-206.4 - Kedia Advisory
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ALUMINIUM:
OBSERVATIONS:
Aluminium trading range for the day is 203-206.4
Aluminium gains due to China’s real estate support policies
Japan aluminium imports falls 26% in 2023 amid slow demand
World alumina production in December 2023 stood at 12.298 million tonnes
BUY ALUMINIUM FEB @ 204 SL 202 TGT 206-208. MCX
COPPER:
OBSERVATIONS:
Copper trading range for the day is 728.2-738.4
Copper gains due to hopes of China implementing measures to stabilize its economy.
Mine disruptions have led to concerns over copper supply
The Yangshan premium, which reflects Chinese demand for imported copper, has dropped by 50% since early December
BUY COPPER FEB @ 732 SL 728 TGT 736-739. MCX
ZINC:
OBSERVATIONS:
Zinc trading range for the day is 224.4-231.4.
Zinc gains supported by optimism about Chinese policy support after a seasonal lull.
China's cabinet pledges to stabilize market confidence
Global zinc market deficit increased in November 2023
BUY ZINC FEB @ 226 SL 224 TGT 229-231. MCX
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