Buy Zinc Jul @ 268 SL 266 TGT 270-272. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM JUL @ 253 SL 251 TGT 255-257. MCX
OBSERVATIONS
Aluminium trading range for the day is 252-256.6.
Aluminium prices gain on lower supply outlook and improving Chinese demand sentiment.
Global primary aluminium output rose 0.9% year-on-year to 6.045 million tonnes.
Aluminium stocks at major Japanese ports fell 4.3% to 316,700 metric tons.
COPPER
BUY COPPER JUL @ 891 SL 887 TGT 895-899. MCX
OBSERVATIONS
Copper trading range for the day is 885.6-905.6.
Copper dropped as the US Dollar Index rebounded to 97.5, weighing on metals market sentiment
Fresh US labor data showed initial jobless claims fell again, underscoring continued labor market resilience.
Chile’s Codelco boosted copper output by 9% while Antofagasta raised production 11% in H1 2025.
ZINC
BUY ZINC JUL @ 268 SL 266 TGT 270-272. MCX
OBSERVATIONS
Zinc trading range for the day is 266.4-272.8.
Zinc prices dropped on profit booking as traders monitored US trade talks progress with major partners closely
Market focus shifted to next week’s crucial US-China meeting in Stockholm for possible metals demand signals.
The global zinc market flipped to a 44,100-tonne deficit in May from April’s surplus, data showed
