Sell ZINC APR @ 260 SL 262 TGT 257.5-255.5. MCX - Kedia Advisory
ALUMINIUM
SELL ALUMINIUM APR @ 240 SL 242 TGT 237.5-236. MCX
OBSERVATIONS
Aluminium trading range for the day is 235.8-242.8.
Aluminium dropped as escalating trade tensions and tariffs weighed on global demand
President Trump announced sweeping "reciprocal tariffs," setting a 10% baseline duty on imports and imposing steep levies on major economies.
Output is increasing, with alumina producers in Guinea, Australia, and China expanding capacity.
COPPER
SELL COPPER APR @ 869 SL 874 TGT 864-860. MCX
OBSERVATIONS
Copper trading range for the day is 851.7-893.3.
Copper dropped on fears U.S. President aggressive tariffs on key trading partners could fuel a global recession.
Trump introduced a minimum tariff of 10% on most goods imported to the United States.
The Caixin/S&P Global manufacturing PMI climbed to 51.2 in March, from 50.8 in February
ZINC
SELL ZINC APR @ 260 SL 262 TGT 257.5-255.5. MCX.
OBSERVATIONS
Zinc trading range for the day is 254.3-265.1.
Zinc dropped as sweeping reciprocal tariffs from U.S. sparked concerns about global demand.
China's manufacturing sector was expanding more than expected.
Global zinc market deficit fell to 10,000 metric tons in January from 41,100 tons in December.
