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ALUMINIUM

OBSERVATIONS

Aluminium trading range for the day is 201.8-203.8.

Aluminium gains as China September aluminium output up amid robust demand

China Q3 GDP growth above estimates

China Retail sales rise the most in 4 months

BUY ALUMINIUM OCT @ 201 SL 199 TGT 204-206. MCX

COPPER

OBSERVATIONS

Copper trading range for the day is 695.8-707.4.

Copper gained with bright demand outlook and concerns about longer-term supply supporting the market.

Demand for copper has been robust, supported by strong consumption from the renewable energy and infrastructure sectors.

China Q3 GDP growth above estimates

BUY COPPER OCT @ 697 SL 693 TGT 703-708. MCX

ZINC

OBSERVATIONS

Zinc trading range for the day is 218.3-221.3.

Zinc gains after better-than-expected economic data from China

The global refined zinc market is headed for a surplus of 248,000 metric tons this year

The zinc market's shift to surplus after two years of supply deficit is down to weaker-than-expected demand and higher-than-expected production. 

BUY ZINC OCT @ 218 SL 215 TGT 222-224. MCX