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