Buy ZINC MAY @ 353 SL 350 TGT 356-359. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM MAY @ 374 SL 371 TGT 377-379. MCX
Observations
Aluminium trading range for the day is 369.1-379.3.
Aluminium gains as Gulf supply constraints persist.
China aluminium exports jump 15% in April as Iran war squeezes global supply
Aluminium inventories in warehouses monitored by the Shanghai Futures Exchange rose 2.0% to 492,728 tons, the highest in six years.
COPPER
BUY COPPER MAY @ 1365 SL 1355 TGT 1375-1385. MCX
Observations
Copper trading range for the day is 1312.6-1403.2.
Copper prices edged higher, supported by supply concerns after Freeport delayed a full recovery of its Grasberg mine.
Copper production in Chile had already declined by around 6% in the first three months of 2026.
Citi sees copper well – supported around $13,000/t in near – term
ZINC
BUY ZINC MAY @ 353 SL 350 TGT 356-359. MCX
Observations
Zinc trading range for the day is 345.8-361.2.
Zinc prices edged higher, supported by stronger-than-expected inflation data from China.
The supply deficit for zinc is the largest among all major metals despite a jump in new production.
Falling LME inventories and a narrowing Cash-3M contango signaled a firmer market structure
