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Aluminium

SELL ALUMINIUM DEC @ 279 SL 281 TGT 277-275. MCX

Observations

Aluminium trading range for the day is 275.2-282.

Aluminium dropped on profit booking after SHFE inventories rose 7.25% from last Friday.

Pressure also seen as concern about demand in top metals consumer China weighed on the market.

Global primary aluminium output in October rose 0.6% year on year to 6.294 million tonnes - IAI

Copper

SELL COPPER DEC @ 1100 SL 1106 TGT 1094-1088. MCX

Observations

Copper trading range for the day is 1080.6-1112.2.

Copper surged to a record as global supply tightness and China’s planned output cuts boosted sentiment

China’s top smelters agreed to cut output 10% in 2026 to combat negative processing fees, fuelling expectations for tighter supply.

China’s copper imports fell in November for a second consecutive month.

Zinc

SELL ZINC DEC @ 316 SL 318 TGT 313-311. MCX

Observations

Zinc trading range for the day is 308.4-317.4.

Zinc prices jump as a lower U.S. dollar ahead of Fed’s meeting triggered a flurry of buying.

Support also seen amid tighter availability of metal in warehouses registered with the London Metal Exchange.

Zinc inventories in warehouses monitored by the Shanghai Futures Exchange dropped 4.17% from last Friday.