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Aluminium

Observations

Aluminium trading range for the day is 235.9-249.7.

Aluminium dropped on profit booking after prices rose supported by a tightening alumina market.

Exports of alumina raw material bauxite from Guinea Alumina Corporation (GAC) were suspended by Guinea.

LME data showed one large futures position at more than 40% of open interest to buy aluminium in December

SELL ALUMINIUM NOV @ 243 SL 245 TGT 241-239. MCX

COPPER

OBSERVATIONS

Copper trading range for the day is 826.9-853.9.

Copper steadied on hopes that China will announce more fiscal stimulus measures

China to allow recycled copper imports from Nov. 15

Expectations of strong copper demand driven by the shift toward cleaner energy raised concerns about a shortfall

SELL COPPER NOV @ 842 SL 846 TGT 837-832. MCX

ZINC

OBSERVATIONS

Zinc trading range for the day is 284.7-303.3.

Zinc rose as the key spread on the LME jumped to a massive premium

The premium on cash LME zinc over the benchmark three-month contract jumped to $58 a ton

Operation at Australia's Century zinc has been suspended until mid-November

SELL ZINC NOV @ 293 SL 296 TGT 290-288. MCX