BUY ZINC JAN @ 307 SL 305 TGT 309-311. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM JAN @ 296 SL 295 TGT 298-300. MCX
Observations
Aluminium trading range for the day is 292.7-300.3.
Aluminium prices gained amid growing concerns of low supply.
Global primary aluminium output in November rose 0.5% year on year to 6.086 million tonnes – IAI
Inventories in warehouses monitored by the Shanghai Futures Exchange rose 1.0% from December 26.
COPPER
BUY COPPER JAN @ 1285 SL 1278 TGT 1295-1304. MCX
Observations
Copper trading range for the day is 1254.4-1313.8.
Copper gains as supply concerns and prospects of surging demand from the AI boom and energy transition.
The Yangshan copper premium is finishing the year at $51 a ton, after hitting a three-month high of $55 last week.
Copper output in Chile, fell 7.18% year-on-year in November to 451,815 metric tons, statistics agency INE said.
ZINC
BUY ZINC JAN @ 307 SL 305 TGT 309-311. MCX
Observations
Zinc trading range for the day is 306.5-309.7.
Zinc prices gained amid speculative buying on worries about tighter supply.
Pressure also seen dragged down by revived demand concerns triggered by a raft of remaining weak data in China.
Zinc inventories in warehouses monitored by the Shanghai Futures Exchange dropped 4.3% from December 26.
