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ALUMINIUM

OBSERVATIONS

Aluminium trading range for the day is 237.4-243.

Aluminium gains as Global refined aluminum market in short supply of 40,300 tons in Oct

Global primary aluminium output in November rose 3% year on year to 6.04 million tonnes - IAI

The latest data showed that the output of primary aluminum in China rose by 3.6% from the previous year in November.

BUY ALUMINIUM JAN @ 239 SL 237 TGT 241-243. MCX

COPPER

OBSERVATIONS

Copper trading range for the day is 792.6-809.6.

Copper dropped as the global refined copper market was in a 287,000 metric ton surplus for the first 10 months of 2024.

Copper inventories in warehouses monitored by the Shanghai Futures Exchange fell this week and are currently at the lowest since February.

Peru said it expects its 2025 copper production to remain flat for the third straight year.

BUY COPPER JAN @ 795 SL 790 TGT 802-806. MCX

ZINC

OBSERVATIONS

Zinc trading range for the day is 275.4-284.4.

Zinc gains as inventories in SHFE warehouses fell 20.80% from last Friday

In China, new home prices fell for the 17th consecutive month, highlighting ongoing challenges in the property sector.

Beijing's latest stimulus pledges have failed to generate significant investor optimism

BUY ZINC JAN @ 278 SL 276 TGT 280-282. MCX