Sell ALUMINIUM FEB @ 342 SL 345 TGT 339-337. MCX - Kedia Advisory
Aluminium
Observations
Aluminium trading range for the day is 314.4-374.8.
Aluminium gains as tightening global supply coincided with growing demand.
China's exports of unwrought aluminium and products dropped 8% in 2025 from the prior year to 6.13 million tons.
Goldman Sachs raised its first-half average price forecast to $3,150 a ton, from $2,575, citing low inventories.
SELL ALUMINIUM FEB @ 342 SL 345 TGT 339-337. MCX
Copper
Observations
Copper trading range for the day is 1261.3-1555.5.
Copper hit record highs amid fading confidence in the US dollar and persistent geopolitical and trade uncertainties.
Copper was also buoyed by reports of more policy support for China’s beleaguered property market.
Copper inventories in Shanghai, London, and New York have risen, pushing combined holdings above 900,000 tons.
SELL COPPER FEB @ 1425 SL 1435 TGT 1415-1405. MCX
Zinc
Observations
Zinc trading range for the day is 306.6-377.6.
Zinc gains due to concerns of tight supply.
Dollar index hit its lowest since February 2022 after U.S. President Donald Trump said the value of the greenback was "great".
Refined zinc production was on track to fall 2% last year, despite the 6.3% jump in mined output, consistent with output curbs among smelters in Kazakhstan and Japan.
SELL ZINC FEB @ 342 SL 345 TGT 339-337. MCX
