Buy Copper NOV @ 1337 SL BELOW 1330 TGT 1350. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM NOV @ 325 SL BELOW 322 TGT 330. MCX
Observations
Aluminium trading range for the day is 321.00-332.00.
Aluminium dropped amid concerns over improving global supply prospects and expectations of a potential market surplus in 2027.
Global inventories fell to 44 days of consumption, the lowest level in recent years, as demand remained strong.
Global primary aluminium production in September 2026 was 6.014 mln tonnes, down from 6.10 mln tonnes a year earlier - IA
COPPER
BUY COPPER NOV @ 1337 SL BELOW 1330 TGT 1350. MCX
Observations
Copper trading range for the day is 1327.50-1352.00.
Copper dropped weighed down by a rout in technology stocks, although supply concerns limited the downside.
China's October copper concentrate imports fell 11% compared to last year.
Buyers in biggest consumer China are facing record premiums, amid shortfalls in copper concentrate and refined copper stocks.
ZINC
BUY ZINC NOV @ 410 SL BELOW 407 TGT 415. MCX
Observations
Zinc trading range for the day is 407.50-415.50.
Zinc dropped as prospect of a recovery in Chinese mine production and improved concentrate availability could ease supply tightness.
In October 2026, China's refined zinc production fell 3.5% MoM and 12% YoY.
Operational incidents at Korea Zinc, Glencore’s Kazzinc and YoungPoong’s Seokpo smelter have raised concerns about potential supply losses.
