Sell Copper OCT @ 1420 SL 1426 TGT 1414-1400. MCX - Kedia Advisory
ALUMINIUM
SELL ALUMINIUM OCT @ 350 SL 353 TGT 347-344. MCX
Observations
Aluminium trading range for the day is 346.2-350.2.
Aluminium gains amid tight supply conditions.
Global aluminium output falls 1.7% year on year in August – IAI
The US-Iran war has disrupted aluminum supply from the region, with GCC production falling 44% year-on-year in July.
COPPER
SELL COPPER OCT @ 1420 SL 1426 TGT 1414-1400. MCX
Observations
Copper trading range for the day is 1411.6-1428.
Copper dropped as Operations at BHP's Escondida mine in Chile are being resumed progressively as assessments continue.
Copper inventories in warehouses monitored by the Shanghai Futures Exchange fell 15.9% from last Friday to 47,147 tons.
LME cash-to-three-month copper spread was at a backwardation of $124.75 a ton, spiking from $68.93 a ton a day earlier
ZINC
SELL ZINC OCT @ 424 SL 428 TGT 420-416. MCX
Observations
Zinc trading range for the day is 414.5-435.7.
Zinc dropped amid a stronger US dollar on expectations that Fed will continue raising interest rates to combat inflation.
However downside seen limited amid supply fears after smelter Nyrstar said it was launching a strategic review of its Dutch zinc smelting operations.
China’s zinc output contracted for the first time in nearly a year in August 2026, ending a prolonged period of growth.
