IGI Logo

ALUMINIUM

SELL ALUMINIUM MAY @ 240 SL 242 TGT 238-236. MCX

OBSERVATIONS

Aluminium trading range for the day is 236.1-242.5.

Aluminium prices dropped amid uncertainty over longer-term demand prospects.

The initial optimism about the 90-day pause agreed by Beijing and Washington has faded.

Japan's April aluminium stocks rise 3.4% m/m

COPPER

SELL COPPER MAY @ 855 SL 860 TGT 850-845. MCX

OBSERVATIONS

Copper trading range for the day is 843.7-867.7.

Copper edged down amid fading optimism over the US-China trade truce.

Copper inventories in SHFE warehouses rose 34.0 % from last Friday.

ICSG doubled its global surplus forecast for 2025 to nearly 300,000 tonnes

ZINC

SELL ZINC MAY @ 258 SL 260 TGT 256-254. MCX

OBSERVATIONS

Zinc trading range for the day is 253-262.4.

Zinc slips as weak China demand offsets gains from US-China trade truce

Zinc inventories in SHFE warehouses monitored dropped 1.6% from last Friday.

In refined zinc, global output grows by 1.8% to 13.73 million tons - ILZSG