Buy Zinc Mar @ 275 SL 273 TGT 278-280. MCX - Kedia Advisory
Aluminium
BUY ALUMINIUM MAR @ 265 SL 263 TGT 268-270. MCX
OBSERVATIONS
Aluminium trading range for the day is 263.4-267.6.
Aluminium rose as lower supply from major producers magnified expectation of stronger demand.
U.S. President announced import tariffs of 25% on steel and aluminium are still scheduled to take effect on 12 March.
Aluminium exports out of China were muted after the government ended tax rebates on overseas sales
Copper
OBSERVATIONS
BUY COPPER MAR @ 885 SL 880 TGT 892-897. MCX
Copper trading range for the day is 871.1-897.7.
Copper gains amid support from a weaker dollar and a decline in LME inventories.
U.S. President Trump granted exemptions for automakers from 25% tariffs on Canada and Mexico for one month.
The market focus is on U.S. consumer price index data due on Wednesday.
Zinc
OBSERVATIONS
BUY ZINC MAR @ 275 SL 273 TGT 278-280. MCX
Zinc trading range for the day is 269.6-279.8.
Zinc rose as LME on-warrant stocks fell to 94,700 tons, their lowest since November 2023.
The market focused on the negative consequences for global economic growth and demand from U.S. import tariffs.
Data showed Chinese imports unexpectedly shrank over January-February, while exports lost momentum
.jpg)
