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Aluminium

Observations

Aluminium trading range for the day is 225.9-241.5.

Aluminium prices rise following new sanctions on Russian metals

China's aluminium output was 3.555 million mt in March, up 4.19% YoY

The first batch of production resumption may be completed in mid-April, boosting production in April

BUY ALUMINIUM APR @ 230 SL 227 TGT 233-235. MCX

Copper

Observations

Copper trading range for the day is 814.4-842.8.

Copper gains on fresh sanctions on Russian metals

Codelco is poised to improve production this year and begin to climb from its lowest dip in a quarter century

Chile's Antofagasta CEO foresees higher 2024 copper prices

BUY COPPER APR @ 827 SL 823 TGT 832-836. MCX

Zinc

Observations

Zinc trading range for the day is 234.7-254.3.

Zinc dropped as China's refined zinc production increased by 4.57% month-on-month.

The global refined zinc output was forecasted to increase by 3.3% year on year to 14.3 million tons

China's factory activity expanded at the fastest pace in over a year in March

BUY ZINC APR @ 242 SL 239 TGT 245-247. MCX