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ALUMINIUM

SELL ALUMINIUM JUL @ 249 SL 251 TGT 247-245. MCX

OBSERVATIONS

Aluminium trading range for the day is 246.9-249.5.

Aluminium dropped as inventories continued rising amid uncertainty about the impact of U.S. tariffs.

Pressure also seen amid renewed global trade tensions dampened risk appetite.

China's aluminium production rose by 3.4 % to 3.81 million metric tons in June from a year earlier

COPPER

SELL COPPER JUL @ 883 SL 888 TGT 878-874. MCX

OBSERVATIONS

Copper trading range for the day is 877.7-885.1.

Copper declined as the momentum to redirect global shipments to the US slowed ahead of looming tariffs.

LME copper stocks gained by another 10,525 tons, having jumped by a third over the past 2-1/2 weeks.

Chilean miner Antofagasta said its copper production rose 11% to 314,900 metric tons in the first half of 2025

ZINC

SELL ZINC JUL @ 257 SL 259 TGT 255-253. MCX

OBSERVATIONS

Zinc trading range for the day is 253.6-258.4.

Zinc settled flat as China’s economy slowed less than expected in the second quarter.

China’s policy support and front-loaded exports cushioned growth, but weaker second-half outlook weighs on sentiment.

Shanghai Futures Exchange zinc inventories rose sharply by 10.20% from last Friday, highlighting sluggish factory demand.