Buy Zinc Mar @ 275 SL 272 TGT 278-280. MCX - Kedia Advisory
Aluminium
BUY ALUMINIUM MAR @ 262 SL 260 TGT 264-266. MCX
Observations
Aluminium trading range for the day is 260.9-265.1.
Aluminium prices dropped amid the improved availability for raw materials.
Major alumina producers in Guinea, Australia, and China added new capacity to recover from series of disruptions last year.
China produced 44 million tons of aluminum in 2024, the most on record.
Copper
BUY COPPER MAR @ 907 SL 902 TGT 912-916. MCX
Observations
Copper trading range for the day is 905.1-913.5.
Copper prices held firm with markets watching out for potential U.S. tariffs on copper.
U.S. President Donald Trump had ordered a probe into possible new tariffs on copper.
The premium of Comex copper over the LME contract, was at a record high of $1,192 a ton.
Zinc
BUY ZINC MAR @ 275 SL 272 TGT 278-280. MCX
Observations
Zinc trading range for the day is 272.6-281.4.
Zinc dropped as China’s zinc smelters are more willing to increase production.
However downside seen limited after Nyrstar announced 25% production cuts
Zinc inventories in warehouses monitored by the Shanghai Futures Exchange rose 0.9% from last Friday.
