Buy Copper May @ 843 SL 838 TGT 848-852. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM MAY @ 228 SL 226 TGT 230-232. MCX
OBSERVATIONS
Aluminium trading range for the day is 226.6-232.8.
Aluminium fell amid the backdrop of ample supply and lingering macroeconomic headwinds.
Output is increasing, with alumina producers in Guinea, Australia, and China expanding capacity.
Global primary aluminium output in March rose 2.3% year on year to 6.227 million tonnes
COPPER
BUY COPPER MAY @ 843 SL 838 TGT 848-852. MCX
OBSERVATIONS
Copper trading range for the day is 838.8-856.4.
Copper dropped amid disappointing manufacturing PMI reports in major economies, signaling weaker demand.
Copper inventories surged in North American warehouses as US manufacturers ramped up stockpiling.
China’s central bank announced plans to lower key policy rates amid efforts to support growth in the face of US tariffs.
ZINC
BUY ZINC MAY @ 246 SL 244 TGT 248-250. MCX
OBSERVATIONS
Zinc trading range for the day is 244.4-249.4.
Zinc dropped amid lingering concerns about the broader economic impact from trade disputes.
The global refined zinc market will be in surplus this year, the International Lead and Zinc Study Group (ILZSG) said.
In March 2025, China's refined zinc production increased by nearly 14% MoM and over 4% YoY
