Buy Zinc AUG @ 400 SL 397 TGT 404-406. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM AUG @ 344 SL 341 TGT 347-350. MCX
Observations
Aluminium trading range for the day is 343.1-349.5.
Aluminium dropped amid expectations of production restarts in the Middle East, and suppliers have turned to alternative shipping routes
A trade deal still under negotiation would halve US top-line tariff rates on imports of the light metal from Canada, to 25%.
Aluminium stocks at three major Japanese ports fell to 201,000 metric tons at the end of July, down 8.8% from the previous month.
COPPER
BUY COPPER AUG @ 1365 SL 1355 TGT 1375-1385. MCX
Observations
Copper trading range for the day is 1358-1383.8.
Copper edged down as higher inventories on the LME relieved supply concerns.
London Metal Exchange copper inventories have surged by more than 50% in three days
Lundin Mining has lowered its 2026 copper production guidance after a second severe winter storm disrupted operations at its Caserones mine.
ZINC
BUY ZINC AUG @ 400 SL 397 TGT 404-406. MCX
Observations
Zinc trading range for the day is 396.2-405.8.
Zinc gains amid tightening supply and growing concerns over production disruptions in China.
Zinc’s long positions rose by 7% to 110,302 lots, the highest ever recorded - LME COTR
Glencore reported own-sourced zinc production of 365,600 tonnes for H1 2026, down 21%, year on year.
