Buy Zinc Oct @ 281 SL 279 TGT 284-286. MCX - Kedia Advisory
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ALUMINIUM
Observation
Aluminium trading range for the day is 230.9-243.9.
Aluminium gains China pledges more fiscal stimulus measures
Chinese leaders vowed to deploy "necessary fiscal spending" to meet this year's economic growth target of roughly 5%.
China's Aug aluminium imports up 1.9% y/y. ALUMINIUM NOV-OCT 1.05
BUY ALUMINIUM OCT @ 238 SL 236 TGT 241-243. MCX
COPPER
Observation
Copper trading range for the day is 830.9-878.5.
Copper gains amid China's Fiscal spending
China's pledge to deploy "necessary fiscal spending" to meet 5% economic growth target.
World refined copper market in 469,000 t surplus in 2024; 194,000 t surplus in 2025 – ICSG
BUY COPPER OCT @ 858 SL 853 TGT 864-868. MCX
ZINC
Observation
Zinc trading range for the day is 270.3-289.1.
Zinc prices gained after China unleashed wide-ranging stimulus measures
Refined zinc imports in August 2024 were 26,500 mt, up 8,200 mt or 44.24% MoM
China unexpectedly leaving benchmark lending rates unchanged at the monthly fixing.
BUY ZINC OCT @ 281 SL 279 TGT 284-286. MCX
