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ALUMINIUM

BUY ALUMINIUM JUN @ 241 SL 239 TGT 243-245. MCX

OBSERVATIONS

Aluminium trading range for the day is 240.8-244.

Aluminium settled flat as aluminium production in May 2025 increased by 2.7% YoY and 3.4% MoM.

China’s consumer prices fell for the fourth straight month, while producer price deflation deepened to its lowest level in nearly two years.

China in May exported 547,000 tonnes of unwrought aluminium and aluminium products, up 5.6% on month but down 3.2% on year.

COPPER

BUY COPPER JUN @ 872 SL 868 TGT 876-880. MCX

OBSERVATIONS

Copper trading range for the day is 867.9-880.3.

Copper edges up on weaker dollar, but demand worries keep outlook subdued.

Trump may extend July 8 deadline but plans to issue global trade deal terms.

LME copper stocks decline, with shipments to U.S. rising ahead of potential tariffs.

ZINC

BUY ZINC JUN @ 251 SL 249 TGT 253-255. MCX

OBSERVATIONS

Zinc trading range for the day is 249.6-255.4.

Zinc prices fell for a third straight session, hitting lowest level since April.

Weak Chinese manufacturing demand continues to weigh heavily on market sentiment.

Speculative interest declined as traders await clearer trade and recovery signals.