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03-01-2025 10:56 AM | Source: Kedia Advisory
Buy Zinc Jan @ 275 SL 273 TGT 277-279. MCX - Kedia Advisory

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Aluminium

Observations

Aluminium trading range for the day is 237.5-244.9.

Aluminium dropped as reflecting limited optimism of a recovery in China’s economy.

However downside seen limited on worries about supplies on the LME market.

The discount for the cash contract over three-month aluminium to around $19 a ton from more than $40 in December.

BUY ALUMINIUM JAN @ 240 SL 238 TGT 242.5-244. MCX

 

Copper

Observations

Copper trading range for the day is 787.3-803.7.

Copper gains buoyed by expectations of more proactive Chinese policies to promote growth.

China's gross domestic product is expected to grow by around 5% in 2024, President Xi Jinping said

China has struggled to recover amid weak consumption and a protracted property crisis.

BUY COPPER JAN @ 792 SL 788 TGT 796-800. MCX

 

Zinc

Observations

Zinc trading range for the day is 271.5-284.7.

Zinc dropped amid expectations of a deteriorating demand outlook were reinforced by weak manufacturing activity.

China's factory activity grew in December but at a slower-than-expected pace.

Manufacturers in the euro zone ended last year on a sour note, with factory activity declining at a faster rate

BUY ZINC JAN @ 275 SL 273 TGT 277-279. MCX

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