Buy Zinc MAY @ 259 SL 257 TGT 261-263. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM MAY @ 239 SL 237 TGT 241-243. MCX
OBSERVATIONS
Aluminium trading range for the day is 233.7-242.7.
Aluminium rose amid tight supply from Yunnan’s weak hydropower recovery.
LME aluminium stocks surged to 343,025 tons after a sharp increase in on-warrant inventory.
China’s aluminium production rose 3.4% to 14.8 million tons from January to April 2025.
COPPER
BUY COPPER MAY @ 855 SL 850 TGT 860-865. MCX
OBSERVATIONS
Copper trading range for the day is 846-865.8.
Copper prices rose as a weaker dollar and China stimulus outweighed U.S. tariff concerns.
LME copper inventories dropped to 179,375 mt, the lowest in over ten months.
SHFE copper inventories surged 34% weekly to 108,142 mt, signaling supply buildup.
ZINC
BUY ZINC MAY @ 259 SL 257 TGT 261-263. MCX
OBSERVATIONS
Zinc trading range for the day is 253.7-263.7.
Zinc rose as China boosted stimulus to support growth.
Beijing’s monetary easing remained mild, reflecting a cautious approach amid trade tensions.
China’s refined zinc output rose 1.6% MoM and 10% YoY in April 2025.
