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Aluminium

Observations

Aluminium trading range for the day is 222.4-231.4.

Aluminium rose as funds pumped money into commodities including metals.

The first batch of production resumption may be completed in mid-April, boosting production in April

Goldman Sachs lifts China 2024 growth forecast to 5.0%

BUY ALUMINIUM APR @ 226 SL 223 TGT 230-234. MCX

Copper

Observations

Copper trading range for the day is 806.7-843.3.

Copper gains amid improving demand and low supply in China

China's unwrought copper imports climbed 16% on-year in March

Arrivals of unwrought copper and products in China, rose to 474,000 metric tons in March

BUY COPPER APR @ 818 SL 814 TGT 823-8238. MCX

Zinc

Observations

Zinc trading range for the day is 242.2-253.2.

Zinc gains propelled by increasing conviction that the global manufacturing slump has bottomed out.

Japan's Toho Zinc sees 4.3% drop in H1 zinc output y/y

Data showed that China's refined zinc production was 525,500 mt, an increase of 4.57% month-on-month

BUY ZINC APR @ 244 SL 241 TGT 248-252. MCX