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Aluminium

Aluminium trading range for the day is 233.9-254.1.

Aluminium prices dropped as China's April aluminium imports jump 72.1% YOY

Aluminium stocks on the SHFE stood at 231,765 tons, up 139.8% from the beginning of this year and near a one-year peak.

Global aluminium output rises 3.3% year on year in April – IAI

SELL ALUMINIUM MAY @ 243 SL 246 TGT 240-238. MCX

Copper

Copper trading range for the day is 870.8-942.8.

Copper prices slipped as funds locked in profits from a rally to record highs.

Copper inventory in warehouses monitored by the SHFE remained close to 300,000 tons.

China's April refined copper output jumps 9% on – year

SELL COPPER MAY @ 900 SL 904 TGT 895-892. MCX

Zinc

Zinc trading range for the day is 266.3-280.5.

Zinc dropped on profit booking after prices gained amid China’s stimulus measures for clues on future construction demand.

China's industrial production expanded by 6.7% year-on-year in April 2024, faster than a 4.5% growth in the previous month.

China's retail sales rose by 2.3% year-on-year in April 2024

SELL ZINC MAY @ 273 SL 276 TGT 270-268. MCX