BUY ALUMINIUM MAR @ 339 SL 336 TGT 342-345. MCX - Kedia Advisory
Aluminium
BUY ALUMINIUM MAR @ 339 SL 336 TGT 342-345. MCX
Observations
Aluminium trading range for the day is 326.7-347.7.
Aluminium rallied as the Mideast crisis threatened to cut off aluminium shipments from the region.
Qatari smelter Qatalum and Aluminium Bahrain have already declared force majeure on shipments.
LME aluminium inventories slipped by 2,250 tons to 456,875 tons, the lowest since July 2025.
Copper
SELL COPPER MAR @ 1200 SL 1210 TGT 1190-1180. MCX
Observations
Copper trading range for the day is 1182.6-1209.4.
Copper recovered on short covering after prices seen under pressure from high inventories.
Copper stocks in LME warehouses climbed by another 2,450 tons to 284,325 tons, the most since October 2024.
Copper inventories in warehouses monitored by the Shanghai Futures Exchange rose 8.59% from last Friday, the exchange said
Zinc
SELL ZINC MAR @ 325 SL 328 TGT 322-320. MCX
Observations
Zinc trading range for the day is 319-328.2.
Zinc gains as low inventories and mine closures, delays underpinned prices.
China's central bank vows flexible, efficient cuts in reserve ratio, rates in 2026
Zinc inventories in warehouses monitored by the Shanghai Futures Exchange rose 7.04% from last Friday, the exchange said.
