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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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