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25-09-2023 10:32 AM | Source: Kedia Advisory
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






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