Buy Copper OCT @ 1420 SL 1415 TGT 1426-1430. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM OCT @ 346 SL 343 TGT 349-352. MCX
Observations
Aluminium trading range for the day is 344-349.2.
Aluminium gains amid tight supply conditions.
Global aluminium output falls 1.7% year on year in August – IAI
The US-Iran war has disrupted aluminum supply from the region, with GCC production falling 44% year-on-year in July.
COPPER
BUY COPPER OCT @ 1420 SL 1415 TGT 1426-1430. MCX
Observations
Copper trading range for the day is 1404.4-1436.4.
Copper prices gained amid worries over supply disruptions at major Chilean mines.
The premium of LME cash copper contract over 3M widened to $107.5 a ton, highest since September 1, signalling supply tightness.
The global refined copper market showed a 51,000 metric tons deficit in July – ICSG
ZINC
BUY ZINC OCT @ 425 SL 422 TGT 428-430. MCX
Observations
Zinc trading range for the day is 412.1-434.7.
Zinc gained after Nyrstar said it was launching a strategic review of its loss-making Budel zinc smelting operations.
China’s zinc output contracted for the first time in nearly a year in August 2026, ending a prolonged period of growth.
Zinc inventories in warehouses monitored by the Shanghai Futures Exchange fell 1.9% from last Friday
