Buy Zinc May @ 363 SL 360 TGT 366-369. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM MAY @ 379 SL 376 TGT 382-385. MCX
Observation
Aluminium trading range for the day is 374.1-386.1.
Aluminium gained amid prolonged supply disruptions from the Middle East.
China aluminium production up 3.1 % to 3.87 mln metric tons in April – stats bureau
Global aluminium prices are expected to be above $4,000 between the third quarter of 2026 and the second quarter of 2027.
COPPER
BUY COPPER MAY @ 1344 SL 1334 TGT 1354-1364. MCX
Observations
Copper trading range for the day is 1313.6-1371.4.
Copper gained as copper stocks in warehouses monitored by the Shanghai Futures Exchange are falling.
The Yangshan copper premium is up 260% since February.
Freeport-McMoRan pushed back against reports that full production at its Grasberg mine in Indonesia could be delayed until 2028
ZINC
BUY ZINC MAY @ 363 SL 360 TGT 366-369. MCX
Observations
Zinc trading range for the day is 355.1-372.9.
Zinc prices rose supported by tightening supply conditions following recent disruptions.
Nexa Resources said operations at its 344,400 ton per year
Cajamarquilla zinc smelter in Peru, had been temporarily suspended.
ILZSG had expected there to be a 19,000-ton deficit in the refined zinc market this year.
