IGI Logo

Aluminium

BUY ALUMINIUM MAY @ 233 SL 231 TGT 235-237. MCX

OBSERVATIONS

Aluminium trading range for the day is 231-236.6.

Aluminium prices declined amid oversupply concerns and global economic uncertainty.

Southeast Asian smelters reported improved alumina availability, easing production constraints and costs.

SHFE aluminium inventories fell 3.5% from last release on Apr 30.

Copper

BUY COPPER MAY @ 849 SL 845 TGT 854-858. MCX

OBSERVATIONS

Copper trading range for the day is 841.1-860.1.

Copper dropped amid weak PMIs from China, US, and Europe signal falling demand

South American ore output boosts global copper supply

Copper surplus forecast doubled to 300,000 tonnes for 2025

Zinc

BUY ZINC MAY @ 250 SL 248 TGT 252-254. MCX

OBSERVATIONS

Zinc trading range for the day is 246.2-254.2.

Zinc prices steadied on optimism surrounding upcoming U.S.-China trade talks.

SHFE Zinc inventories fell 2.8% from last release on Apr 30.

U.S. tariffs on steel caused a spike in coil prices, reducing demand for zinc in galvanization.