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13-09-2024 10:15 AM | Source: Kedia Advisory
Buy Copper Sep @ 795 SL 791 TGT 800-805. MCX - Kedia Advisory

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ALUMINIUM

OBSERVATIONS

Aluminium trading range for the day is 223.1-226.9.

Aluminium gains as demand side is entering the traditional peak season, consumption is gradually recovering

Aluminium stocks were broadly unchanged, and on-warrant stocks pushed up to 345,300 tonnes in August

Aluminium inventories in warehouses monitored by the Shanghai Futures Exchange fell 1.4% from last Friday

BUY ALUMINIUM SEP @ 224 SL 222 TGT 226-228. MCX

 

COPPER

OBSERVATIONS

Copper trading range for the day is 789.4-807.8.

Copper gains as copper output from Chile's Codelco slides nearly 11% in July

Chile's state-owned copper commission Cochilco lowered its forecast for the average price of copper in 2024 to $4.18 per pound

China's unwrought copper imports slid in August to a 16-month low, customs data showed.

BUY COPPER SEP @ 795 SL 791 TGT 800-805. MCX

 

ZINC

OBSERVATIONS

Zinc trading range for the day is 258-268.

Zinc gains amid optimism surrounding a likely interest rate cut from the Federal Reserve this month.

Exports from China increased by 4.6% year-on-year in August 2024, moderating from a 7% rise in July.

Total open-tonnage volumes of zinc in LME warehouses amounted to 217,575 tonnes on August 30, up 2.6% end of July

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