22-04-2024 09:24 AM | Source: Kedia Advisory
Buy Zinc Apr @ 248.5 SL 246.5 TGT 251.5-253. MCX - Kedia Advisory

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

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

To Read Complete Report & Disclaimer     Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer