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ALUMINIUM

BUY ALUMINIUM JUL @ 254 SL 252 TGT 256-258. MCX

OBSERVATIONS

Aluminium trading range for the day is 251.8-257.

Aluminium rose on the outlook of lower supply and less pessimism on demand from China.

China's imports of unwrought aluminium and products jumped 24.1% year-on-year in June.

Global primary aluminium output in June rose 0.9% year on year to 6.045 million tonnes.

COPPER

BUY COPPER JUL @ 896 SL 892 TGT 900-904. MCX

OBSERVATIONS

Copper trading range for the day is 889-904.2.

Copper gains supported by signs of better demand from China as authorities vow to stabilise industrial growth.

Investors remained cautious, focusing primarily on any new developments in trade talks between U.S. and trade partners ahead of the August 1 deadline.

Peru's copper production decreased 4.6% year-on-year to 220,849 metric tons in May.

ZINC

BUY ZINC JUL @ 268 SL 266 TGT 270-272. MCX

OBSERVATIONS

Zinc trading range for the day is 264.8-271.8.

Zinc gains buoyed by hopes for firmer Chinese demand.

The global zinc market swung to a deficit of 44,100 metric tons in May from a surplus of 17,300 tons in April.

Investors were cautious about the impact of tariffs on economic growth and inflation.