Sell Aluminium SEP @ 256 SL 258 TGT 254-252. MCX - Kedia Advisory
Aluminium
SELL ALUMINIUM SEP @ 256 SL 258 TGT 254-252. MCX
OBSERVATIONS
Aluminium trading range for the day is 254.1-256.7.
Aluminium gained amid Speculative bullish positions and quick demand for physical aluminium
Global primary aluminium output in August rose 0.9% year on year to 6.277 million tonnes.
China’s domestic aluminium production in August 2025 increased 1.22% YoY and 0.33% MoM.
Copper
SELL COPPER SEP @ 912 SL 916 TGT 908-904. MCX
OBSERVATIONS
Copper trading range for the day is 906.6-915.
Copper gains amid supply disruptions and interest rate cuts.
Production remains suspended at Freeport Indonesia's Grasberg mine, following an incident in early September.
Inventories on the U.S. Comex exchange, reaching 318,285 short tons, up 241% this year.
Zinc
SELL ZINC SEP @ 279 SL 281 TGT 277-25. MCX
OBSERVATIONS
Zinc trading range for the day is 275-281.4.
Zinc gained as LME zinc stocks fell their lowest since May 23 at 48,825 tons.
Zinc supported as LME cash premium hits $51/T, highest since Oct, on falling stocks
China's central bank left a key interest rate unchanged, as authorities appear in no rush to ease monetary settings.
