Buy Aluminium SEP @ 352 SL 349 TGT 355-357. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM SEP @ 352 SL 349 TGT 355-357. MCX
Observations
Aluminium trading range for the day is 346.9-358.9.
Aluminum dropped as supply outlook could improve as several smelters restart and ramp up previously curtailed capacity
Japan's August aluminium stocks up 22.7% m/m
Aluminium inventories in warehouses monitored by the Shanghai Futures Exchange fell 7.7% from last Friday.
COPPER
BUY COPPER SEP @ 1395 SL 1385 TGT 1405-1415. MCX
Observations
Copper trading range for the day is 1388.4-1412.2. C
opper prices rose as robust demand in China continued to underpin the market.
Domestic copper scrap supply in China remained tight, contributing to further delays in the return of copper smelting.
Available copper stocks in LME-registered warehouses fell to 139,650 tons, after 4,500 tons of fresh cancellations in Asia.
ZINC
BUY ZINC SEP @ 431 SL 428 TGT 434-437. MCX
Observations
Zinc trading range for the day is 415.5-443.5.
Zinc gained as China’s zinc output contracted for the first time in nearly a year in August 2026.
China’s zinc production declined by 1.8% YoY to 639,000 mt, weakest annual performance since May 2025.
Zinc inventories in warehouses monitored by the Shanghai Futures Exchange rose 0.6% from last Friday
