Buy Zinc MAY @ 249 SL 247 TGT 251-253. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM MAY @ 233 SL 231 TGT 235-237. MCX
OBSERVATIONS
Aluminium trading range for the day is 232.6-236.2.
Aluminium dropped weighed down by jump in the dollar, fuelled by the signs of easing tariff tensions.
China's primary aluminium production grew by 2.6% year-on-year in the first quarter of 2025 - IAI
Aluminium inventories in warehouses monitored by the Shanghai Futures Exchange fell 6.2%
COPPER
BUY COPPER MAY @ 852 SL 848 TGT 858-862. MCX
OBSERVATIONS
Copper trading range for the day is 845.7-860.5.
Copper dropped as the market waited for further developments on U.S.-China trade relations.
World refined copper market in 289,000 t surplus in 2025; 209,000 t surplus in 2026 – ICSG
However, downside seen limited amid a massive drop in SHFE inventories, dropped 32% last week to 116,753 tons.
ZINC
BUY ZINC MAY @ 249 SL 247 TGT 251-253. MCX
OBSERVATIONS
Zinc trading range for the day is 247.9-252.9.
Zinc dropped amid concerns over the fragile negotiations between U.S.-China trade tensions lingered.
China's refined zinc production in April 2025 to increase by 4% MoM and over 12% YoY
The global refined zinc market will be in surplus this year - ILZSG
