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ALUMINIUM

OBSERVATIONS

Aluminium trading range for the day is 203.3-207.5.

Aluminium dropped as China's December production hiking by 2.1%

Aluminium output in November decreased due to production cuts in Yunnan province

Global alumina production in November was 11.858 million tons, a 1.9% decrease from the previous month.

BUY ALUMINIUM JAN @ 205 SL 203 TGT 207-209. MCX

COPPER

OBSERVATIONS

Copper trading range for the day is 715.8-729.6.

Copper dropped due to revised expectations of the Fed’s interest rate cuts

Chile's total copper production fell 2.34% in November on an annual basis.

Copper inventories in Shanghai Futures Exchange warehouses rose 7.2%.

BUY COPPER JAN @ 718 SL 714 TGT 722-726. MCX

ZINC

OBSERVATIONS

Zinc trading range for the day is 223.7-228.3.

Zinc dropped as inventories in SHFE warehouses rose 2.8% from last Friday.

Smelters in Sichuan increased production, while smelters in Gansu ended maintenance, leading to a growth in output.

China's refined zinc output in November 2023 was 579,000 mt, a decrease of 4.23% month on month

BUY ZINC JAN @ 224 SL 222 TGT 227-229. MCX