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ALUMINIUM

SELL ALUMINIUM JUN @ 246 SL 248 TGT 244-242. MCX

OBSERVATIONS

Aluminium trading range for the day is 239.9-248.5.

Aluminium supported by low inventories and rising liquid metal demand.

Guinea bauxite supply risk rises amid mining license tensions.

SHFE aluminium stocks plunge to lowest levels since February 2024.

COPPER

SELL COPPER JUN @ 882 SL 886 TGT 876-872. MCX

OBSERVATIONS

Copper trading range for the day is 873.3-885.1.

Copper gains after higher consumer spending in China raised hopes of a boost to metals demand.

LME copper inventories dropped by another 7,300 tons to 107,325.

Comex premium over LME copper to $927 a ton, down from $969 on Friday.

ZINC

SELL ZINC JUN @ 253 SL 255 TGT 251-249. MCX

OBSERVATIONS

Zinc trading range for the day is 249.5-255.3.

Zinc gains as markets continued to assess the outlook for global manufacturing demand.

China’s strong retail sales ease bearish sentiment on consumer spending.

China’s consumer prices fell for the fourth straight month, while producer price deflation deepened to its lowest level in nearly two years