Buy Zinc OCT @ 412 SL 409 TGT 416-420. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM OCT @ 332 SL 329 TGT 336-339. MCX
Observations
Aluminium trading range for the day is 327.4-344.
Aluminium dropped weighed down by a recovery in Middle Eastern production and rising shipments from Indonesia.
Improving supply prospects were reflected by some Japanese aluminium buyers agreeing to pay a premium 35% lower than in Q3
Macquarie downgraded their forecast for this year's deficit in the global aluminium market to 820,000 tons, down 120,000 tons
COPPER
BUY COPPER OCT @ 1402 SL 1396 TGT 1410-1416. MCX
Observations
Copper trading range for the day is 1387.8-1442.8.
Copper dropped as a strong dollar and rising oil prices weighed.
LME copper stocks remain tight after 3,325 tons of orders for metal from warehouses.
The Yangshan premium, rose 5% from its last pre-holiday assessment to $125 a ton, its highest since November 2022.
ZINC
BUY ZINC OCT @ 412 SL 409 TGT 416-420. MCX
Observations
Zinc trading range for the day is 401.6-436.
Zinc dropped as dollar rose aided by higher oil prices, and remarks from policymakers for signals on a potential rate hike.
The cash-to-three-month spread was $47.71 in backwardation. In September 2026,
China's refined zinc production fell 1.9% MoM and 6.4% YoY.
