Buy Zinc JAN @ 311 SL 309 TGT 313-315. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM JAN @ 315 SL 313 TGT 317-319. MCX
Observations
Aluminium trading range for the day is 313-321.2.
Aluminium dropped as inventories in warehouses monitored by the SHFE rose 29.2% from last Friday.
Prices also dropped on a stronger dollar and easing concerns over the potential imposition of U.S. tariffs on the metal.
Aluminium stocks at three major Japanese ports rose to 316,800 metric tons at the end of December, up about 1.5% from previous month.
COPPER
BUY COPPER JAN @ 1280 SL 1265 TGT 1295-1310. MCX
Observations
Copper trading range for the day is 1275-1309.6.
Copper fell weighed down by rising concerns over demand prospects in China following downbeat data and a lack of benchmark rates cuts.
However, downside seen limited amid mine disruptions, worries about supply deficits and the flow of metal to the United States.
Copper inventories in warehouses monitored by the Shanghai Futures Exchange rose 18.3% from last Friday.
ZINC
BUY ZINC JAN @ 311 SL 309 TGT 313-315. MCX
Observations
Zinc trading range for the day is 309-318.8.
Zinc fell after Chinese regulators cracked down on high-frequency trading.
Zinc inventories in warehouses monitored by the Shanghai Futures Exchange rose 3.3% from last Friday, the exchange said.
China's economic growth is likely to slow to 4.5% in 2026 and maintain the same pace in 2027, a poll showed.
