Sell Copper Mar @ 894 SL 900 TGT 886-880. MCX - Kedia Advisory
Aluminium
SELL ALUMINIUM MAR @ 266 SL 269 TGT 263-260. MCX
Observations
Aluminium trading range for the day is 261.2-266.2.
Aluminium rose as US President Trump's tariffs drive US physical market aluminium premiums to record high
JP Morgan predicts global aluminium deficit to exceed 600,000 tons in 2025
Global aluminium output rises 2.7% year on year in January – IAI
Copper
SELL COPPER MAR @ 894 SL 900 TGT 886-880. MCX
Observations
Copper trading range for the day is 876.4-900.8.
Copper surged after US President Trump stated that the country would tariff copper imports.
The US President noted he imposed tariffs on copper along with other base metals in his speech before Congress.
Treatment charges by smelters were still below zero, reflecting the large extent of overcapacity in refined copper production.
Zinc
SELL ZINC MAR @ 277 SL 280 TGT 274-271. MCX
Observations
Zinc trading range for the day is 271-278.8.
Zinc gains as worries about the U.S. import tariffs widened and China's fresh stimulus measures.
Global mined zinc production fell for the third consecutive year in 2024
China's manufacturing activity returned to expansion in February.
