Buy Zinc Oct @ 413 SL BELOW 410 TGT 418. MCX - Kedia Advisory
Aluminium
BUY ALUMINIUM OCT @ 322 SL BELOW 319 TGT 326. MCX
Observations
Aluminium trading range for the day is 312.00-329.50.
Aluminium gained as LME registered aluminium inventory fell
to 238,375 tonnes, the lowest level of the 21st century.
China is expected to produce 45.7 million tons of primary aluminum in 2027, up 0.9% year-on-year
Citi cut its three-month aluminium price forecast to $3,000 per metric ton from $3,300.
Copper
BUY COPPER OCT @ 1395 SL BELOW 1388 TGT 1406. MCX
Observations
Copper trading range for the day is 1386.50-1411.50.
Copper eased hit by profit-taking on reduced worries about supply, concerns about rising inflation and interest rates.
Adding to the downside pressure, US consumer prices accelerated in September, putting a rate hike later this month back on the radar.
Chilean miner Antofagasta reported a 7% rise in third-quarter copper production
Zinc
BUY ZINC OCT @ 413 SL BELOW 410 TGT 418. MCX
Observations
Zinc trading range for the day is 410.50-418.00.
Zinc dropped tracking LME prices fell to $3,670, their lowest level since early August.
Chinese mine output is expected to rise month-on-month in October as operations resume.
However, supply concerns persist in Western markets, where zinc production fell by 3.4% year-on-year in the first half of 2026.
