Buy Zinc MAY @ 344 SL 341 TGT 347-350. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM MAY @ 373 SL 370 TGT 376-379. MCX
Observations
Aluminium trading range for the day is 367.4-378.8.
Aluminium gains on fears of supply shortages as the standoff between the U.S. and Iran continued
China General Manufacturing PMI climbed to 52.2 in April 2026 from 50.8 in March, above the expected 51.
BOFA brought forward its $4,000 per metric ton aluminium price forecast to the fourth quarter of 2026 from the second quarter of 2027.
COPPER
BUY COPPER MAY @ 1282 SL 1272 TGT 1292-1302. MCX
Observations
Copper trading range for the day is 1269.2-1299.2.
Copper gains due to fears that production will be cut by a shortage of sulphuric acid. Copper inventories in Shanghai
Futures Exchange warehouses have more than halved from a peak in March.
LME copper stocks have more than doubled since early January and in Comex increased around 25-fold over the last year
ZINC
BUY ZINC MAY @ 344 SL 341 TGT 347-350. MCX
Observations
Zinc trading range for the day is 341-348.8.
Zinc gains driven by tightening near-term supply conditions.
Falling LME inventories and a narrowing Cash-3M contango signaled a firmer market structure.
Swedish miner Boliden said production at its Garpenberg zinc mine will be resumed in the second quarter.
