Buy Zinc Apr @ 248.5 SL 246.5 TGT 251.5-253. MCX - Kedia Advisory
ALUMINIUM
OBSERVATIONS
Aluminium trading range for the day is 236.2-246.2.
Aluminium rose on supply concerns amid sanctions on Russian metals.
LME aluminium stocks reduced to 171,200 tonnes, representing the weakest level since August 2022.
China's March aluminium imports jump 90% on – year
BUY ALUMINIUM APR @ 240 SL 238 TGT 2343-245. MCX
COPPER
OBSERVATIONS
Copper trading range for the day is 833.9-852.1.
Copper gains as investment funds continued a buying spree driven by supply concerns.
Copper prices were underpinned by concerns of output cuts due to shortage of raw material
Copper inventories in warehouses monitored by the Shanghai Futures Exchange rose 0.1 % from last Friday.
BUY COPPER APR @ 842 SL 838 TGT 846-850. MCX
ZINC
OBSERVATIONS
Zinc trading range for the day is 246.1-253.3.
Zinc prices gained amid fund buying and worries about supply.
Research agency BMI, said refined zinc production growth will continue to rebound in 2024.
The anticipated resumption of Glencore’s Nordenham smelter and Norway’s Odda mine expansion later in the year is set to bolster global zinc production.
BUY ZINC APR @ 248.5 SL 246.5 TGT 251.5-253. MCX
