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.
