Buy Zinc NOV @ 305 SL 303 TGT 307-309. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM NOV @ 265 SL 263 TGT 267-269. MCX
OBSERVATIONS
Aluminium trading range for the day is 260.8-269.2.
Aluminium gains supported by concerns that Chinese smelters are nearing government-imposed capacity limits, constraining supply.
Aluminium inventories in warehouses monitored by the Shanghai Futures Exchange rose 7.67% from last Friday.
Aluminium stocks at three major Japanese ports fell to 329,100 metric tons by the end of October, a decrease of 3.6% from the previous month.
COPPER
BUY COPPER NOV @ 1000 SL 995 TGT 1005-1010. MCX
OBSERVATIONS
Copper trading range for the day is 988.4-1011.
Copper rose as Chile's state copper commission Cochilco lifted its price outlook to record.
Goldman Sachs raised its December 2025 copper price forecast to $10,610 per ton from $10,385, reflecting a fourth-quarter rally.
China, imported 279,944 tons of copper cathodes in October, down 22.10% year-on-year and 15.65% on a monthly basis.
ZINC
BUY ZINC NOV @ 305 SL 303 TGT 307-309. MCX
OBSERVATIONS
Zinc trading range for the day is 300.2-310.
Zinc gains supported by persistently tight LME inventories and a mild rebound in physical premiums.
The global zinc market surplus declined to 20,300 metric tons in September from 32,700 tons in August.
Zinc inventories in warehouses monitored by the Shanghai Futures Exchange fell 0.54% from last Friday.
