Buy Copper APR @ 840 SL 835 TGT 845-850. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM APR @ 229 SL 227 TGT 231-233. MCX
OBSERVATIONS
Aluminium trading range for the day is 228.4-232.2.
Aluminium dropped as trade war between US and China hurt the outlook on global manufacturing.
Supply is due to slow in China as the current production pace is close to the output cap of 45 million tons.
China's imports of unwrought aluminium and aluminium products in March fell 10.6% year-on-year to 340,000 metric tons.
COPPER
BUY COPPER APR @ 840 SL 835 TGT 845-850. MCX
OBSERVATIONS
Copper trading range for the day is 835.1-857.9.
Copper dropped amid lack of progress on global trade talks, with China showing no signs of backing down
Growing concerns about Federal Reserve independence and policy direction
Ongoing US-China trade war adds pressure to global economic outlook
Zinc
BUY ZINC APR @ 246 SL 244 TGT 248-250. MCX
OBSERVATIONS
Zinc trading range for the day is 244.5-251.3.
Zinc dropped amid mounting fears over the economic fallout from the US-China trade war
In March 2025, China's refined zinc production increased by nearly 14% MoM.
Global zinc market deficit fell to 10,000 metric tons in January from 41,100 tons in December.
