Buy Zinc SEP @ 423 SL 420 TGT 426-429. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM SEP @ 351 SL 348 TGT 354-357. MCX
Observations
Aluminium trading range for the day is 348.3-356.5.
Aluminium rose amid continued supply tightness and declining inventories.
LME inventories remained near a 36-year low, while SHFE inventories fell 3% from the previous week.
China Aug aluminium exports fall to 626,000 tonnes, customs data shows
COPPER
BUY COPPER SEP @ 1405 SL 1395 TGT 1415-1425. MCX
Observations
Copper trading range for the day is 1379-1432.2.
Copper gained as the market continued to focus on flows of the metal into the United States amid tightened supply elsewhere.
China's imports of unwrought copper and copper products fell to 382,000 tons in August from 425,000 tons in July.
Copper net longs dropped by 3,445 contracts to 73,000 – CFTC
ZINC
BUY ZINC SEP @ 423 SL 420 TGT 426-429. MCX
Observations
Zinc trading range for the day is 418.9-427.9.
Zinc prices rose supported by tight supplies and low LME stocks.
Zinc inventories in warehouses monitored by the Shanghai Futures Exchange fell 3.3% from last Friday
Glencore reported own-sourced zinc production of 365,600 tonnes for H1 2026, down 99,600 tonnes, or 21%, year on year.
