Buy Zinc AUG @ 385 SL 382 TGT 388-390. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM AUG @ 342 SL 339 TGT 345-347. MCX
Observations
Aluminium trading range for the day is 335.9-349.5.
Aluminium gained supported by concerns that heavy rainfall and flooding in China's
Sichuan province could disrupt smelter operations tightening near-term supply.
Output outside China fell 6.7% year-on-year in July, mainly due to reduced operating rates at several Middle Eastern smelters.
Alcoa lowered its 2026 alumina production guidance by 200,000–300,000 tonnes to 9.5–9.6 million tonnes
COPPER
BUY COPPER AUG @ 1345 SL 1335 TGT 1355-1365. MCX
Observations
Copper trading range for the day is 1333.4-1357.
Copper climbed as ongoing supply constraints continued to tighten market conditions.
Available copper stocks in the LME-registered warehouses fell 50% in July
The Politburo indicated that it would continue relying on existing policy measures instead of rolling out broad-based stimulus.
ZINC
BUY ZINC AUG @ 385 SL 382 TGT 388-390. MCX
Observations
Zinc trading range for the day is 380.2-393.8.
Zinc prices gained as lower oil prices alleviated anxiety about economic growth and demand.
Support also seen as heavy rainfall and flooding in parts of China raised concerns over potential disruptions to mining, smelting operations.
A mine in Southwest China is expected to reduce zinc concentrate production by approximately 1,000 tonnes of contained zinc in August
