Copper trading range for the day is 727.1-738.1 - Kedia Advisory
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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
