BUY ZINC JAN @ 277 SL 274 TGT 280-282. MCX - Kedia Advisory
ALUMINIUM
OBSERVATIONS
Aluminium trading range for the day is 253.9-258.1.
Aluminum rose supported by expectations of lower supply from key producers and respite for demand.
The EU was set to sanction the import of primary aluminum from Russia in its upcoming package.
China's aluminium production rose by 4.2% to 3.77 million metric tons in December from a year earlier
BUY ALUMINIUM JAN @ 255 SL 253 TGT 257-259. MCX
COPPER
OBSERVATIONS
Copper trading range for the day is 825.2-837.8.
Copper settled flat after China’s central bank kept key lending rates unchanged.
China's economy grew 5% last year, matching the government's target, but growth was unbalanced, led by industry and exports.
China's refined copper production in December was up 4.3% from the previous year at 1.24 million metric tons.
BUY COPPER JAN @ 828 SL 824 TGT 832-836. MCX
ZINC
OBSERVATIONS
Zinc trading range for the day is 275.3-280.7.
Zinc gains supported by continuing decline of LME inventories, lowest since February 2024
Zinc inventories in warehouses monitored by the Shanghai Futures Exchange fell 1.4% from last Friday.
BMI projects global refined zinc consumption grew by 2.2% year-on-year in 2024 and will grow by another 1.7% year-on-year in 2025.
BUY ZINC JAN @ 277 SL 274 TGT 280-282. MCX
