Buy Copper Dec@ 1132 SL 1122 TGT 1142-1152. MCX - Kedia Advisory
Aluminium
BUY ALUMINIUM DEC @ 283 SL 281 TGT 285-287. MCX
Observations
Aluminium trading range for the day is 281.8-288.2.
Aluminium pared gains on profit booking after prices rose after Mozal smelter in Mozambique will be placed under care.
Declining inventories at major Japanese ports, which fell 5.2% month-on-month to 312,100 metric tons by the end of November.
Global primary aluminium output in November rose 0.5% year on year to 6.086 million tonnes – IAI
Copper
BUY COPPER DEC @ 1132 SL 1122 TGT 1142-1152. MCX
Observations
Copper trading range for the day is 1110.2-1161.6.
Copper gains after Chilean miner Antofagasta and a Chinese smelter agreed on a zero processing fee for 2026 copper concentrate.
The Yangshan premium, rose 15% to a three-month high of $55 a ton.
The ICSG estimates that the market had a surplus of 122,000 tons for the first 10 months of the year.
Zinc
BUY ZINC DEC @ 303 SL 301 TGT 306-308. MCX
Observations
Zinc trading range for the day is 298.7-312.5.
Zinc prices rose as thin year-end trade extended momentum for speculative buying on a weaker dollar and worries about tighter supply.
Zinc mine in Central China is planning a routine maintenance shutdown, resulting in fewer production days.
However, upside seen limited as China’s zinc output in November rose 13.3 percent year-on-year to 654,000 metric tons.
