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ALUMINIUM

OBSERVATIONS

Aluminium trading range for the day is 199.9-202.9.

Aluminium dropped as China's aluminium production up 3.9% in August.

Aluminium stocks at three major Japanese ports rose 2.9% to 360,700 metric tons as of end-August

Russian aluminium in LME system steady at 81% in August

SELL ALUMINIUM SEP @ 203 SL 206 TGT 200-198. MCX

COPPER

OBSERVATIONS

Copper trading range for the day is 727.1-738.1.

Copper prices fell amid a stronger dollar and rising inventories

Though positive signals from China kept losses in check.

Stocks of copper in LME-registered warehouses edged higher with 1,125 tons of arrivals into New Orleans 

SELL COPPER SEP @ 735 SL 740 TGT 730-727. MCX

ZINC

OBSERVATIONS

Zinc trading range for the day is 217.9-224.7.

Zinc dropped as LME zinc price discount at highest since March 2021

Zinc inventories in LME-approved warehouses by the end of August had jumped to 153,575 metric tons.

Stocks of zinc SHFE have shown two-fold growth so far this year to 46,579 tons.

SELL ZINC SEP @ 223 SL 226 TGT 219-217. MCX