SELL ALUMINIUM APR @ 338 SL 341 TGT 335-332. MCX - Kedia Advisory
Aluminium
SELL ALUMINIUM APR @ 338 SL 341 TGT 335-332. MCX
Observations
Aluminium trading range for the day is 333.1-341.1.
Aluminium gains as LME aluminium inventories contract to 423,075 tonnes representing a 32.6% decline since Q4 2025
Exchange stockpiles saw another daily withdrawal of 3,675 tonnes.
Alvance British Aluminium confirms 10% output boost to 40,000 tonnes annually at Lochaber smelter.
Copper
SELL COPPER APR @ 1148 SL 1158 TGT 1138-1128. MCX
Observations
Copper trading range for the day is 1131.6-1151.6.
Copper dropped as conflicting statements from the US and Iran over potential peace talks weighed.
Stocks in LME-approved warehouses hitting an-eight year high, up 153% since the start of the year.
Citi has become more cautious about the outlook for industrial metals as the Middle East conflict clouds the macroeconomic backdrop.
Zinc
SELL ZINC APR @ 311 SL 314 TGT 308-306. MCX
Observations
Zinc trading range for the day is 307.3-313.7.
Zinc settled flat as a stronger US dollar and rising oil prices weighed on investor sentiment
Zinc also received support from China’s industrial recovery, with output rising 6.3% yoy in the first two months of 2026
Chinese Zinc output up 6.4% in Jan-Feb 2026
