Sell Copper Apr @ 842 SL 848 TGT 835-830. MCX - Kedia Advisory
ALUMINIUM
SELL ALUMINIUM APR @ 233 SL 235 TGT 231-229. MCX
Observations
Aluminium trading range for the day is 229.2-236.4.
Aluminium dropped as Goldman Sachs reduced its forecast for aluminium prices this year.
Goldman also forecast a global aluminium market surplus of 580,000 tons in 2025, versus its previous forecast of a 76,000 tons deficit.
The premium for aluminium shipments to Japanese buyers for April to June was set at $182 a metric ton, down 20% from the current quarter.
COPPER
SELL COPPER APR @ 842 SL 848 TGT 835-830. MCX
Observations
Copper trading range for the day is 827.3-852.7.
Copper falls as trade war concerns offset auto tariff pause hopes
China's imports of unwrought copper and copper products in March declined 1.4% to 467,000 tons from a year earlier.
Market participants are expecting more stimulus measures from Chinese authorities to bolster consumption.
ZINC
SELL ZINC APR @ 251 SL 253 TGT 249-247. MCX
Observations
Zinc trading range for the day is 247.8-254.2.
Zinc dropped amid risks for demand due to trade conflict between the U.S. and top metals consumer China.
LME data showed zinc stocks fell by 1,350 tons, or 1.10%, to 121,800 tons.
Data provided further evidence of a shaky Chinese economy, as consumer prices fell for the second straight month
