29-12-2023 12:42 PM | Source: Kedia Advisory
Buy Aluminium JAN @ 210 SL 208 TGT 212-214. MCX - Kedia Advisory

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Aluminium

OBSERVATIONS

Aluminium trading range for the day is 208.4-214.6.

Aluminium dropped as LME inventories in jumped to fresh highs this week.

Aluminium stocks over the past two days rose by 42,400 metric tons to 551,050, the highest since June 19.

Aluminum production hub Qinghai issues power rationing emergency plan

BUY ALUMINIUM JAN @ 210 SL 208 TGT 212-214. MCX

 

Copper

OBSERVATIONS

Copper trading range for the day is 730.2-742.4.

Copper prices dropped as demand in China was subdued after a burst of restocking seen recently

China aims to expand domestic demand, ensure speedy recovery, promote stable growth

China smelters cut Q1 copper guidance price as supply outlook tightens

BUY COPPER JAN @ 725 SL 721 TGT 729-733. MCX

 

Zinc

OBSERVATIONS

Aluminium trading range for the day is 208.4-214.6.

Aluminium dropped as LME inventories in jumped to fresh highs this week.

Aluminium stocks over the past two days rose by 42,400 metric tons to 551,050, the highest since June 19.

Aluminum production hub Qinghai issues power rationing emergency plan

 

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