IGI Logo

Aluminium

Aluminium trading range for the day is 203.9-206.9.

Aluminium dropped on profit booking after supply concerns coincided with rising bets of higher demand.

Japan's October aluminium stocks fell 2% m/m

China’s exports of unwrought aluminium and aluminium semis declined in October, but may pick up in November and December

BUY ALUMINIUM NOV @ 204 SL 202 TGT 206-207. MCX

Copper

Copper trading range for the day is 701.5-715.3.

Copper gains as dollar index slipped below the 105 mark after US inflation data

Chile's Codelco CEO sees copper output in 2023 closing at 1.315 mln metric tons

Peru's copper production up 2.5% in September

BUY COPPER NOV @ 705 SL 702 TGT 710-714. MCX

Zinc

Zinc trading range for the day is 225.1-232.5.

Zinc gains amid expectations of growing demand and risks of supply Support also seen due to supply concerns from incidents like the fire at Russia's

Ozernoye mine and recent suspensions in U.S. mines

China cbank set to boost liquidity injection but keep rate unchanged

BUY ZINC NOV @ 228.5 SL 226.5 TGT 231-233. MCX