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2025-06-05 11:43:50 am | Source: Kedia Advisory
Sell Copper Jun @ 878 SL 882 TGT 874-870. MCX - Kedia Advisory
Sell Copper Jun @ 878 SL 882 TGT 874-870. MCX  - Kedia Advisory

ALUMINIUM

SELL ALUMINIUM JUN @ 244 SL 246 TGT 240-238. MCX

OBSERVATIONS

Aluminium trading range for the day is 238.7-243.1.

Aluminium gains amid looming tariff hikes on steel and aluminium.

Goldman Sachs raised H2 2025 aluminium forecast to $2,280/ton on tighter surplus outlook.

U.S. Midwest aluminium premiums surged 54% after Trump announced tariff hikes to 50%.

 

COPPER

SELL COPPER JUN @ 878 SL 882 TGT 874-870. MCX

OBSERVATIONS

Copper trading range for the day is 869.8-880.

Copper gains after speculation about possible new import tariffs

LME stocks dropped to 143,850 tons, a yearly low, after 4,600-ton daily outflow.

Private and official PMIs showed China’s factory activity contracted for a second month.

 

ZINC

SELL ZINC JUN @ 257 SL 259 TGT 255-253. MCX

OBSERVATIONS

Zinc trading range for the day is 253.4-259.2.

Zinc gains as Shanghai zinc inventories declined nearly 5%, reflecting tight supply from ongoing smelter maintenance.

However upside seen limited amid global trade concerns and broad weakness in metal markets.

China’s manufacturing PMI contracted for a second month, pressuring zinc demand outlook.

 

 

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