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Aluminium

Observations

Aluminium trading range for the day is 221.1-226.5.

Aluminium dropped on profit booking after support seen as Japanese buyers paying higher premiums.

Support also seen amid stronger-than-expected economic data from China

U.S. manufacturing expanded for the first time in 1-1/2 years in March.

SELL ALUMINIUM APR @ 225 SL 227 TGT 222-220. MCX

Copper

Observations

Copper trading range for the day is 790.2-832.4.

Copper rose helped by demand from momentum-following funds, strong German industrial data

Chile copper exports total $4.09 billion in March

Japanese copper smelters' H1 output seen rising 4.2% y/y

SELL COPPER APR @ 818 SL 823 TGT 812-808. MCX

Zinc

Observations

Zinc trading range for the day is 227.2-240.6.

Zinc gains as more smelters will undertake maintenance in April

Data showed that social zinc inventory fell by 8,300 mt to 199,500 mt.

The global zinc market moved to a surplus of 58,700 metric tons in January

SELL ZINC APR @ 237 SL 240 TGT 233-230. MCX