IGI Logo

Aluminium

SELL ALUMINIUM AUG @ 254 SL 256 TGT 252-250. MCX

Observations

Aluminium trading range for the day is 251.4-256.8.

Aluminium dropped as China’s aluminium production in July 2025 (31 days) increased by 1.05% YoY and 3.11% MoM.

However downside seen limited amid signs of robust demand and expectations of lower supply.

Supply for European factories is already limited due to sanctions of major producer Russia.

Copper

SELL COPPER AUG @ 890 SL 894 TGT 886-882. MCX

Observations

Copper trading range for the day is 881.8-898.6.

Copper dropped amid higher LME and SHFE copper stocks.

Stocks in LME-approved warehouses have climbed by 11% so far in August

SHFE copper warehouses stocks are up nearly 13%.

Zinc

SELL ZINC AUG @ 269 SL 271 TGT 267-265. MCX

Observations

Zinc trading range for the day is 266.2-272.4.

Zinc dropped as China's refined zinc output rose by 4% on a year-over-year basis in the January-July period.

China's new yuan loans contracted in July for the first time in 20 years, falling well short of forecasts.

The United States and China extended a tariff truce deadline for another 90 days, easing concerns over near-term trade friction.