Sell Aluminium APR @ 358 SL 361 TGT 355-352. MCX - Kedia Advisory
Aluminium
SELL ALUMINIUM APR @ 358 SL 361 TGT 355-352. MCX
Observations
Aluminium trading range for the day is 351.7-361.3.
Aluminium gains supported by optimism that US-Iran ceasefire will hold and eventually lead to a reopening of the Strait of Hormuz.
Emirates Global Aluminium said that fully restoring production at its Al Taweelah smelter, could take up to a year.
The premium for LME cash aluminium contract over the three-month contract was last at $81 a ton, its highest since 2007
Copper
SELL COPPER APR @ 1215 SL 1220 TGT 1210-1205. MCX
Observations
Copper trading range for the day is 1183.8-1228.6.
Copper gains as inventories in warehouses monitored by the Shanghai Futures Exchange fell 11.5% from last Friday
Chinese inflation data showed that factory-gate prices rose in March for the first time in more than three years.
Copper are stocks in warehouses registered with the LME and Comex above 900,000 tons, double the level since the start of the year.
Zinc
SELL ZINC APR @ 333 SL 336 TGT 330-327. MCX
Observations
Zinc trading range for the day is 328.8-333.4.
Zinc gained supported by improving industrial activity and signs of short-term supply tightness.
Inventories at the Shanghai Futures Exchange dropped by 1.7% over the past week, and ongoing mine closures.
China’s industrial recovery, with output rising 6.3% yoy in the first two months of 2026 and fixed-asset investment showing modest improvement.
