BUY ZINC JUN @ 253 SL 251 TGT 255-257. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM JUN @ 237 SL 235 TGT 239-241. MCX
OBSERVATIONS
Aluminium trading range for the day is 234.4-242.6.
Aluminium prices declined amid renewed concerns over China’s economy.
China’s aluminium production in May 2025 increased by 2.7% YoY and 3.4% MoM.
Goldman Sachs raised its aluminium price forecast for H2 2025 by $140/ton to $2,280.
COPPER
BUY COPPER JUN @ 872 SL 868 TGT 878-882. MCX
OBSERVATIONS
Copper trading range for the day is 868.8-887.2.
Copper falls on profit booking as SHFE inventories rose by 1.5%.
Downside was limited by hopes of easing US-China trade tensions and ongoing supply disruptions.
LME copper inventories fell to 138,000 tons, the lowest in nearly a year, down nearly 50% year-to-date.
ZINC
BUY ZINC JUN @ 253 SL 251 TGT 255-257. MCX
OBSERVATIONS
Zinc trading range for the day is 250.8-257.2.
Zinc prices dropped on profit booking amid ongoing uncertainty around trade negotiations and tariffs
Coupled with the expected significant increase in zinc ingot production in June, supply pressures persist.
China’s manufacturing PMI continued to contract for the second consecutive month.
