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ALUMINIUM

OBSERVATIONS

Aluminium trading range for the day is 235.7-245.1.

Aluminium dropped triggered by concerns that high interest rates are curbing metals demand

A continued inflow of "wider money" into metals, providing further support for aluminium.

Shortages of alumina, emerged recently because of lower output from China and disruption to Rio Tinto's Australian exports.

BUY ALUMINIUM JUN @ 240 SL 238 TGT 243-245. MCX

COPPER

OBSERVATIONS

Copper trading range for the day is 863.2-889.4.

Copper advanced amid strong factory activity in China

The discount to import copper into China tightened to $10 a ton, indicating some improvement in physical demand.The discount to import copper into China tightened to $10 a ton, indicating some improvement in physical demand.

IMF revised its China growth forecast to 5% for 2024 and 4.5% in 2025

BUY COPPER JUN @ 878 SL 873 TGT 884-888. MCX

ZINC

OBSERVATIONS