Buy Zinc Jul @ 262 SL 260 TGT 265-267. MCX - Kedia Advisory
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Aluminium
OBSERVATIONS
Aluminium trading range for the day is 211-223.8.
Aluminium dropped as SHFE inventories rose to 262,200 tons, the highest since April 2023.
China's June aluminium imports up 16% on – year
Japan buyers agree to pay higher Q3 aluminium premiums reflecting tighter supplies in Asia
BUY ALUMINIUM JUL @ 214 SL 212 TGT 217-220. MCX
Copper
OBSERVATIONS
Copper trading range for the day is 804.1-826.9.
Copper prices dropped due to the lack of Chinese stimulus measures.
China's June imports of copper slipped to a 14-month low.
Copper inventories in LME warehouses, meanwhile, have risen to a 33-month high of 221,100 tons, LME data showed.
BUY COPPER JUL @ 812 SL 808 TGT 816-820. MCX
Zinc
OBSERVATIONS
Zinc trading range for the day is 255.1-269.5.
Zinc gains as China's MMG Ltd has halted operations at a mill at its Dugald River zinc mine in Australia
In June, China's refined zinc production was 545,800 mt, up 9,700 mt or 1.81% MoM
Zinc inventories in warehouses registered with the London Metal Exchange rebounded 9% to their highest level in nearly three months
BUY ZINC JUL @ 262 SL 260 TGT 265-267. MCX
