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ALUMINIUM

OBSERVATIONS

Aluminium trading range for the day is 204.6-207.2.

Aluminium gains after positive industrial production data from China boosted sentiment

However, gains were capped by weakness in the country’s real estate sector.

China Oct aluminium production at record monthly high

SELL ALUMINIUM NOV @ 207 SL 209 TGT 205-203. MCX

COPPER

OBSERVATIONS

Copper trading range for the day is 706.2-715.8.

Copper gains as the dollar weakened after softer U.S. inflation data

China's October economic activity perked up as industrial output grew at a faster pace

China's property sales fell at a faster pace in October and investment in real estate slumped

SELL COPPER NOV @ 713 SL 717 TGT 708-703. MCX

ZINC

OBSERVATIONS

Zinc trading range for the day is 227.4-236.6.

Zinc gains boosted by lower stocks in LME warehouses

LME stocks fell to 68,125 tonnes by more than 50% since the start of September.

China's retail sales rose by 7.6% year-on-year in October 2023

SELL ZINC NOV @ 234 SL 236 TGT 231.5-230. MCX