Buy Zinc SEP @ 432 SL 429 TGT 435-437. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM SEP @ 347 SL 344 TGT 350-352. MCX
Observations
Aluminium trading range for the day is 345-352.4.
Aluminum dropped as supply outlook could improve as several smelters restart and ramp up previously curtailed capacity
Japan's August aluminium stocks up 22.7% m/m
Aluminium inventories in warehouses monitored by the Shanghai Futures Exchange fell 7.7% from last Friday.
COPPER
BUY COPPER SEP @ 1410 SL 1402 TGT 1418-1425. MCX
Observations
Copper trading range for the day is 1403.5-1425.9.
Copper prices rose as expectations of a seasonal pickup in demand in China sustained speculative buying.
Renewed speculative demand has pushed copper higher after funds cut their net long positions in Comex copper futures.
The Yangshan copper finished last week at $124 a ton, its highest in nearly four years, although it eased to $119 on Monday
ZINC
BUY ZINC SEP @ 432 SL 429 TGT 435-437. MCX
Observations
Zinc trading range for the day is 429.6-440.4.
Zinc prices dropped as elevated prices weakened demand and discouraged buyers China.
China’s zinc output contracted for the first time in nearly a year in August 2026.
Production disruptions at several mines, including in China, have raised concerns over concentrate availability.
