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2025-07-09 09:52:44 am | Source: Kedia Advisory
Buy Aluminium Jul @ 248 SL 246 TGT 250-252. MCX - Kedia Advisory
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

 

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