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Aluminium

Observations

Aluminium trading range for the day is 236-242.2.

Aluminium prices dropped amid signs of weakening demand in China.

The discount for the cash contract over three-month aluminium narrowed to around $19 a ton from more than $40 in December.

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

BUY ALUMINIUM JAN @ 237 SL 235 TGT 239-241. MCX

Copper

Observations

Copper trading range for the day is 788.7-808.3.

Copper gains after China pledged more support for its ailing economy.

However, gains were capped by uncertainty surrounding the threat of U.S. tariffs on the world's biggest metal consumer.

Copper inventories in SHFE warehouses rose 12.1% from last Friday

BUY COPPER JAN @ 796 SL 792 TGT 802-806. MCX

Zinc

Observations

Zinc trading range for the day is 270.8-277.4.

Zinc dropped amid expectations of a deteriorating demand outlook were reinforced by weak manufacturing activity.

China's factory activity grew in December but at a slower-than-expected pace.

Zinc inventories in SHFE warehouses down 20.9% from last Friday

BUY ZINC JAN @ 272 SL 270 TGT 274-276. MCX