BUY ALUMINIUM FEB @ 306 SL 304 TGT 308-310. MCX- Kedia Advisory
Aluminium
BUY ALUMINIUM FEB @ 306 SL 304 TGT 308-310. MCX
Observations
Aluminium trading range for the day is 303.4-311.6.
Aluminium dropped as global primary aluminium output in January rose 1.3% year on year to 6.317 million tonnes.
JP Morgan: Sees 230kt deficit in aluminium market in 2026
JP Morgan: See aluminum prices averaging $3,200/mt in 2Q26 and remaining largely supported over 2H26 too
Copper
BUY COPPER FEB @ 1160 SL 1150 TGT 1175-1185. MCX
Observations
Copper trading range for the day is 1152.9-1186.7.
Copper settled flat as inventories extended their rise and investors puzzled over the future of U.S. tariffs.
COMEX copper speculators cut net long position by 1,570 contracts to 52,700 in week to February 17 - CFTC
JP Morgan forecasts 130kt copper deficit for 2026
Zinc
BUY ZINC FEB @ 326 SL 323 TGT 329-332. MCX
Observations
Zinc trading range for the day is 324.8-330.6.
Zinc prices gained as low inventories and mine closures, delays underpinned prices.
Refined zinc production was on track to fall 2% last year, despite the 6.3% jump in mined output.
China's economy is stable but faces challenges such as imbalance in supply and demand, the People's Bank of China said.
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