Buy Zinc Jan @ 314 SL 312 TGT 317-320. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM JAN @ 313 SL 310 TGT 316-318. MCX
Observations
Aluminium trading range for the day is 304.2-320.6.
Aluminium gains as investor optimism reflects early signs of economic stabilization after Beijing’s support for key sectors.
China, continued policy support and ample liquidity are underpinning longer-term gains in copper prices.
China was set to breach its 45-million-ton output cap this year, forcing smelters to refrain from growing output in 2026.
COPPER
BUY COPPER JAN @ 1330 SL 1315 TGT 1348-1362. MCX
Observations
Copper trading range for the day is 1306.1-1356.1.
Copper rose tracking surged past $13,000 a ton, fueled by a tighter global market and fears of US tariffs.
Prices surged on tightening supply, a strike at Chile’s Mantoverde mine, and U.S. tariff-driven stockpiling.
LME copper stocks have fallen to 142,550 tons, the lowest since November 17.
ZINC
BUY ZINC JAN @ 314 SL 312 TGT 317-320. MCX
Observations
Zinc trading range for the day is 307.9-320.1.
Zinc rallied supported by tightening inventories and ongoing supply.
Zinc inventories dropped 4.3% from December 26, signaling further tightening.
Several Chinese miners are scheduled for routine maintenance shutdowns, which are expected to reduce production.
