Sell Copper Jul @ 898 SL 903 TGT 892-888. MCX - Kedia Advisory
Aluminium
SELL ALUMINIUM JUL @ 254 SL 256 TGT 252-250. MCX
OBSERVATIONS
Aluminium trading range for the day is 250.2-255.6.
Aluminium gains after China's industry ministry vowed to stabilise the machinery, autos and electrical equipment sectors.
China's imports of unwrought aluminium and products jumped 24.1% year-on-year in June.
Global aluminium output rises 0.9% year on year in June – IAI
Copper
SELL COPPER JUL @ 898 SL 903 TGT 892-888. MCX
OBSERVATIONS
Copper trading range for the day is 889.8-902.2.
Copper climbed after China’s industry ministry pledged to stabilize growth in key sectors.
Peru's copper production decreased 4.6% year-on-year to 220,849 metric tons in May.
China's refined copper production in June rose 14% year-on-year to a record high.
Zinc
SELL ZINC JUL @ 269 SL 271 TGT 267-265. MCX
OBSERVATIONS
Zinc trading range for the day is 264-271.4.
Zinc rose as worries about tightness on the London Metal Exchange surfaced.
Data showed more than half of stocks in its approved warehouses had been marked to leave the system.
Prices were supported by China's plans to stabilise growth in the machinery, autos and electrical equipment sectors.
