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Aluminium

SELL ALUMINIUM JAN @ 318 SL 320 TGT 314-312. MCX

Observations

Aluminium trading range for the day is 311.9-319.1.

Aluminium rose as prices getting support from a weaker dollar, growth in other metals.

PBOC will continue to implement a moderately loose monetary policy in 2026 and will utilize tools such as RRR cuts to ensure sufficient liquidity.

Aluminium inventories in warehouses monitored by the Shanghai Futures Exchange rose 6.0% from last Friday.

Copper

SELL COPPER JAN @ 1290 SL 1300 TGT 1280-1270. MCX

Observations

Copper trading range for the day is 1260.2-1303.2.

Copper prices rose as striking workers force production halt at Chile's Mantoverde mine

Freeport expects about 85% of Grasberg mine output to be back online in H2 this year.

Copper inventories in warehouses monitored by the SHFE rose 5.8 % from last Friday.

Zinc

SELL ZINC JAN @ 314 SL 316 TGT 312-310. MCX

Observations

Zinc trading range for the day is 311-314.8.

Zinc prices rose as inventories in warehouses monitored by the Shanghai Futures Exchange fell 4.1% from last Friday.

The LME cash zinc contract traded $14 per tonne below the three-month forward, suggesting modest near-term tightness.

The global zinc market deficit rose to 7,700 metric tons in November from 2,800 tons in October - ILZSG

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