SELL ALUMINIUM MAR @ 345 SL 348 TGT 342-340. MCX - Kedia Advisory
Aluminium
SELL ALUMINIUM MAR @ 345 SL 348 TGT 342-340. MCX
Observations
Aluminium trading range for the day is 334.3-348.3.
Aluminium rose as Guinea considered imposing bauxite export quotas, stoking feedstock supply concerns.
Inventories of primary aluminum have exceeded 1.3 million tons, the highest since 2020.
China's primary aluminium output in the first two months of 2026 climbed by 3% from the same period last year.
Copper
SELL COPPER MAR @ 1155 SL 1165 TGT 1145-1135. MCX
Observations
Copper trading range for the day is 1125.6-1188.
Copper dropped weighed down by rising inventories in the LME system and inflation risks amid the Middle East conflict.
Copper stocks in LME warehouses are at 334,100 tons, their highest since August 2019.
China's copper exports almost doubled in January-February from a year earlier.
Zinc
SELL ZINC MAR @ 315 SL 318 TGT 312-309. MCX
Observations
Zinc trading range for the day is 310.2-320.
Zinc dropped as rising inventories at the Shanghai Futures Exchange and in LME warehouses weighed on market sentiment.
SHFE stocks rose 9.2% in a week, while over 21,000 tonnes delivered into Singapore pushed LME inventories to their highest level since July.
However, losses were still limited due to ongoing concerns about tight supply and historically low inventories in certain regions.
