Buy Zinc Dec @ 301 SL 299 TGT 303-305. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM DEC @ 279 SL 277 TGT 281-283. MCX
Observations
Aluminium trading range for the day is 276.2-283.8.
Aluminium gains supported by improving demand prospects and persistent concerns over tight global supply.
LME data showed that on-warrant aluminium stocks in the LME-registered warehouses fell to 452,600 tons.
China, is expected to approach its 45-million-ton annual cap, leaving limited room for further production growth.
COPPER
BUY COPPER DEC @ 1102 SL 1096 TGT 1108-1114. MCX
Observations
Copper trading range for the day is 1087.8-1122.
Copper retreated dragged down by revived demand concerns triggered by a raft of remaining weak data in China.
Goldman Sachs raised its 2026 copper price forecast to $11,400 per metric ton from $10,650.
Peru's copper production rises 4.8% in October
ZINC
BUY ZINC DEC @ 301 SL 299 TGT 303-305. MCX
Observations
Zinc trading range for the day is 298.8-310.6.
Zinc prices dropped as LME zinc inventory increased by 31075 MT, up by 48% bring total to 95,550 mt.
China’s factory output growth slowed to a 15-month low in November, while new home prices extended a decline.
A zinc mine in Central China is planning a routine maintenance shutdown in December, resulting in fewer production days.
