Sell Zinc Apr @ 251 SL 254 TGT 248-245. MCX - Kedia Advisory
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ALUMINIUM
OBSERVATIONS
Aluminium trading range for the day is 240.1-245.9.
Aluminium rose on supply concerns amid sanctions on Russian metals.
LME aluminium stocks reduced to 171,200 tonnes, representing the weakest level since August 2022.
China's March aluminium imports jump 90% on – year
SELL ALUMINIUM APR @ 245 SL 248 TGT 242-240. MCX
COPPER
OBSERVATIONS
Copper trading range for the day is 837.1-852.1.
Copper dropped as dollar gained as investors assessed policy and geopolitical developments.
China's refined copper production in March rose 7.9% from the prior year
Copper demand to boom as new technology drives power consumption, Trafigura says
SELL COPPER APR @ 846 SL 850 TGT 840-836. MCX
ZINC
OBSERVATIONS
Zinc trading range for the day is 245.3-254.1.
Zinc dropped on profit booking after prices gained amid worries about supply
Research agency BMI, said refined zinc production growth will continue to rebound in 2024.
The anticipated resumption of Glencore’s Nordenham smelter and Norway’s Odda mine expansion later in the year is set to bolster global zinc production.
SELL ZINC APR @ 251 SL 254 TGT 248-245. MCX
