Buy Aluminium Jul @ 248 SL 246 TGT 250-252. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM JUL @ 248 SL 246 TGT 250-252. MCX
OBSERVATIONS
Aluminium trading range for the day is 246.6-250.8.
Aluminium gained as China’s June output fell 3.23% MoM, signaling tighter domestic supply
Shandong plant shutdown for capacity replacement adds near-term supply risk; Yunnan ramps new capacity
LME aluminium stocks rose 47,450 tons since June 25, flipping cash premium to a discount
COPPER
BUY COPPER JUL @ 888 SL 883 TGT 893-898. MCX
OBSERVATIONS
Copper trading range for the day is 877.9-908.1.
Copper steadied as investors weighed the latest tariff announcements from the White House.
Japan and South Korea now face 25% US import levies, deepening global trade uncertainty.
COMEX copper stocks are at a seven-year high, or up 120% since mid-February
ZINC
BUY ZINC JUL @ 255 SL 253 TGT 257-259. MCX
OBSERVATIONS
Zinc trading range for the day is 252.1-260.1.
Zinc gained on a weaker dollar but upside capped by fears of tariff-driven demand slowdown.
Trump also warned of an extra 10% levy on BRICS countries for “anti-American” policies
SHFE zinc inventories rose 4% weekly, indicating weaker offtake as factory demand stays sluggish
