Buy Zinc Apr @ 250 SL 248 TGT 253-255. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM APR @ 233 SL 231 TGT 235-237. MCX
Observations
Aluminium trading range for the day is 232.7-237.3.
Aluminium dropped as Goldman Sachs reduced its forecast for aluminium prices this year.
Goldman also forecast a global aluminium market surplus of 580,000 tons in 2025, versus its previous forecast of a 76,000 tons deficit.
The premium for aluminium shipments to Japanese buyers for April to June was set at $182 a metric ton, down 20% from the current quarter.
COPPER
BUY COPPER APR @ 844 SL 839 TGT 850-855. MCX
Observations
Copper trading range for the day is 838-853.
Copper prices rose as investor sentiment improved after Trump's tariff exemptions announcement.
Deliverable copper stocks on SHFE stood at 235,296 tons, a 12% decrease from the 268,337 tons recorded in February.
China's imports of unwrought copper and copper products in March declined 1.4% from a year earlier to 467,000 metric tons.
ZINC
BUY ZINC APR @ 250 SL 248 TGT 253-255. MCX
Observations
Zinc trading range for the day is 249.4-256.
Zinc dropped amid risks for demand due to trade conflict between the U.S. and top metals consumer China.
LME data showed zinc stocks fell by 1,350 tons, or 1.10%, to 121,800 tons.
Data provided further evidence of a shaky Chinese economy, as consumer prices fell for the second straight month
