Buy Zinc OCT @ 223 SL 220 TGT 226-228. MCX - Kedia Advisory
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ALUMINIUM
OBSERVATIONS
Aluminium trading range for the day is 203.6-207.2.
Aluminum gains as supply pressures magnified signs of higher demand.
China's social inventory of aluminum ingots was 522,000 mt, a decrease of 7,000 mt from September 18
People's Bank of China conducted a 169 billion yuan 7-day reverse repurchase operation
BUY ALUMINIUM OCT @ 203 SL 201 TGT 206-208. MCX
COPPER
OBSERVATIONS
Copper trading range for the day is 713.9-726.1.
Copper dropped amid strong dollar and high inventories
Inventories in LME-registered warehouses remained at their highest level since May 2022
Copper inventories in warehouses monitored by SHFE fell 16.9% from last Friday.
BUY COPPER OCT @ 716 SL 711 TGT 724-728. MCX
ZINC
OBSERVATIONS
Zinc trading range for the day is 224-228.2.
Zinc gains amid positive data and stimulus measures from and expectations of reduced production.
The market remained impacted by dwindling inventory levels and constrained time spreads
Almina-Minas do Alentejo in Aljustrel was the latest zinc mine to undergo suspension until the second quarter of 2025
BUY ZINC OCT @ 223 SL 220 TGT 226-228. MCX
