Buy ZINC APR @ 246 SL 243 TGT 249-252. MCX - Kedia Advisory
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ALUMINIUM
OBSERVATIONS
Aluminium trading range for the day is 231.1-238.5.
Aluminium prices rise following new sanctions on Russian metals
China's aluminium output was 3.555 million mt in March, up 4.19% YoY.
The first batch of production resumption may be completed in mid-April, boosting production in April
BUY ALUMINIUM APR @ 233 SL 231 TGT 235-237. MCX
COPPER
OBSERVATIONS
Copper trading range for the day is 823.8-838.
Copper rose as industrial activity picked up and demand improved.
Unwrought copper imports in China, surged by 16% to 474,000 tonnes in March
Fitch revises outlooks for Chinese state banks to negative from stable.
BUY COPPER APR @ 826 SL 822 TGT 831-835. MCX
ZINC
OBSERVATIONS
Zinc trading range for the day is 240.9-253.1.
Zinc gains amid support from a weaker U.S. dollar offset concerns about demand from China.
The global refined zinc output was forecasted to increase by 3.3% year on year to 14.3 million tons
China's factory activity expanded at the fastest pace in over a year in March
BUY ZINC APR @ 246 SL 243 TGT 249-252. MCX
