SELL ALUMINIUM MAR @ 339 SL 342 TGT 336-334. MCX - Kedia Advisory
Aluminium
SELL ALUMINIUM MAR @ 339 SL 342 TGT 336-334. MCX
Observations
Aluminium trading range for the day is 320.8-348.2.
Aluminium gains as two major smelters in Qatar and Bahrain suspended deliveries.
London metals exchange aluminum spread trades are seeing the largest backwardation since 2022.
Premiums for aluminium in South Korea have increased sharply since the end of February, as demand for physical metal in Asia grows.
Copper
SELL COPPER MAR @ 1215 SL 1225 TGT 1205-1195. MCX
Observations
Copper trading range for the day is 1194.8-1215.6.
Copper gains amid a correction in the dollar and opportunistic dip-buying from China.
China January – February unwrought copper imports decline 16.1% year – on – year
The Yangshan copper premium, dropped to $20 a ton in late January, the lowest since July 202
Zinc
SELL ZINC MAR @ 327 SL 330 TGT 324-322. MCX
Observations
Zinc trading range for the day is 323.4-329.2.
Zinc gains as low inventories and mine closures, delays underpinned prices.
China's central bank vows flexible, efficient cuts in reserve ratio, rates in 2026
Zinc inventories in warehouses monitored by the Shanghai Futures Exchange rose 7.04% from last Friday, the exchange said.
