Buy Zinc Dec @ 302 SL 300 TGT 304-3066. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM DEC @ 284 SL 282 TGT 286-288. MCX
Observations
Aluminium trading range for the day is 282.5-288.9.
Aluminium gains tracking LME prices, near the highest in over three years amid growing concerns of low supply.
Smelters forced to halt output growth plans for 2026
China aluminum exports fall 9.2% year-on-year in November
COPPER
BUY COPPER DEC @ 1150 SL 1140 TGT 1160-1170. MCX
Observations
Copper trading range for the day is 1132-1180.4.
Copper hits record high amid tightening global supply conditions
Strong US economic growth boosts demand for copper-intensive sectors.
China smelters plan over 10% output cut in 2026
ZINC
BUY ZINC DEC @ 302 SL 300 TGT 304-3066. MCX
Observations
Zinc trading range for the day is 297.1-311.9.
Zinc dropped as China’s zinc output in November rose 13.3 percent year-on-year to 654,000 metric tons
Zinc mine in Central China is planning a routine maintenance shutdown, resulting in fewer production days.
Zinc inventories in warehouses monitored by the Shanghai Futures Exchange dropped 5.7% from last week.
