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2025-03-17 10:39:29 am | Source: Kedia Advisory
Buy Copper Mar @ 897 SL 892 TGT 903-908. MCX - Kedia Advisory
Buy Copper Mar @ 897 SL 892 TGT 903-908. MCX - Kedia Advisory

Aluminium

BUY ALUMINIUM MAR @ 263 SL 261 TGT 266-268. MCX

Observation

Aluminium trading range for the day is 263.1-266.3.

Aluminium dropped on profit booking after prices gained amid lower supply expectation

Aluminium inventories in warehouses monitored by the Shanghai Futures Exchange fell 3% from last Friday.

Global primary aluminium output in January rose 2.7% year on year to 6.252 million tonnes

 

Copper

BUY COPPER MAR @ 897 SL 892 TGT 903-908. MCX

Observation

Copper trading range for the day is 894.4-906.

Copper gained as a decline in LME inventories put the worries about U.S. import tariff policy on pause.

Data showed on-warrant copper stocks in LME-registered warehouses fell to 136,300 tons, lowest since mid-June

Copper inventories in warehouses monitored by the Shanghai Futures Exchange fell 4.5% from last Friday.

 

Zinc

BUY ZINC MAR @ 279 SL 277 TGT 282-284. MCX

Observations

Zinc trading range for the day is 277.7-283.5.

Zinc surged on Nyrstar cutting production in Australia.

LME on-warrant stocks fell to 94,700 tons, their lowest since November 2023.

Zinc inventories in warehouses monitored by the Shanghai Futures Exchange rose 0.9% from last Friday.

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