SELL COPPER MAR @ 1230 SL 1240 TGT 1220-1210. MCX - Kedia Advisory
Aluminium
SELL ALUMINIUM MAR @ 314 SL 316 TGT 312-310. MCX
Observations
Aluminium trading range for the day is 311-315.
Aluminium gained as optimism over potentially lower US tariffs supported the rally.
Century Aluminum expects to resume operations at its Grundartangi smelter in Iceland by the end of April.
South32, confirmed its Mozal aluminum plant in Mozambique will enter care and maintenance next month.
Copper
SELL COPPER MAR @ 1230 SL 1240 TGT 1220-1210. MCX
Observations
Copper trading range for the day is 1201.2-1238.6.
Copper prices rose as demand optimism outweighed concerns over stocks piling up in warehouses.
Copper output in Chile, fell 3% year-on-year in January to 413,712 metric tons, statistics agency INE said.
Copper stocks sitting in SHFE-registered warehouses soared to a near 10-year high in stock building
Zinc
SELL ZINC MAR @ 328 SL 331 TGT 325-322. MCX
Observations
Zinc trading range for the day is 324.3-330.5.
Zinc process dropped as zinc inventories in warehouses monitored by the Shanghai Futures Exchange rose 44.8%.
Pressure also seen as a firmer dollar tempered optimism about a revival in demand from China.
Goldman Sachs expects the global zinc market to be in a small surplus this year, driven by growing mine supply.
