27-09-2024 11:51 AM | Source: Kedia Advisory
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

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