BUY ZINC JUN @ 250 SL 248 TGT 252-254. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM JUN @ 235 SL 233 TGT 237-239. MCX
OBSERVATIONS
Aluminium trading range for the day is 234.8-237.6.
Aluminium dropped as domestic seasonal weakness and trade uncertainties are exerting dual pressure.
WBMS data showed a Q1 aluminium surplus of 538,700 tons amid strong global output.
China raised aluminium production 3.4% YoY Jan–Apr; April output rose 2.2% globally.
COPPER
BUY COPPER JUN @ 857 SL 853 TGT 863-869. MCX
OBSERVATIONS
Copper trading range for the day is 854.4-869.2.
Copper fell as surplus widened to 289,000 tons amid strong South American output.
Copper market in 17,000 metric tons surplus in Mar 2025 – ICSG
COMEX copper stocks surged 87% since February, nearing LME levels for first time since 2022.
ZINC
BUY ZINC JUN @ 250 SL 248 TGT 252-254. MCX
OBSERVATIONS
Zinc trading range for the day is 247.5-256.3.
Zinc prices ease as demand outlook wavers despite tight supply
Nyrstar to cut 2025 smelter output by 25% amid low ore availability and margins.
SHFE zinc inventories dropped 4.9%, with maintenance and tight spot supply supporting prices.
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