Sell Copper MAY @ 900 SL 904 TGT 895-892. MCX - Kedia Advisory
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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
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