Buy Aluminium Dec @ 275 SL 273 TGT 277-279. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM DEC @ 275 SL 273 TGT 277-279. MCX
OBSERVATIONS
Aluminium trading range for the day is 273.1-277.3.
Aluminium gains supported by concerns that Chinese smelters are nearing government-imposed capacity limits, constraining supply.
China's Nov Alumina output falls 4.44% mom as environmental curbs cut northern operations
Aluminium inventories in warehouses monitored by the Shanghai Futures Exchange dropped 6.82% from last Friday.
COPPER
BUY COPPER DEC @ 1046 SL 1040 TGT 1052-1058. MCX
OBSERVATIONS
Copper trading range for the day is 1030.6-1065.
Copper rose supported by tight supply and elevated premiums.
China’s top copper smelters will cut production by over 10% in 2026.
JP Morgan forecasts copper prices rising to $12,000/t by 1Q26, with a full-year average of $12,075/T
ZINC
BUY ZINC DEC @ 307 SL 305 TGT 309-311. MCX
OBSERVATIONS
Zinc trading range for the day is 301.4-312.4.
Zinc gains as global zinc market surplus declined to 20,300 metric tons in September from 32,700 tons in August
A zinc mine in Central China is planning a routine maintenance shutdown in December, resulting in fewer production days.
Support also seen as soft U.S. economic data supported expectations of a rate cut by the Federal Reserve in December.
