IGI Logo

ALUMINIUM

SELL ALUMINIUM AUG @ 250 SL 252 TGT 248-246. MCX

Observations

Aluminium trading range for the day is 247.5-252.1.

Aluminium falls tracking other base metals drop on tempered hopes of China fiscal support

China is facing an August 12 deadline to reach a durable tariff agreement with Trump's administration.

Aluminium inventories in warehouses monitored by the Shanghai Futures Exchange rose 1.5% from last Friday.

COPPER

SELL COPPER AUG @ 880 SL 885 TGT 874-870. MCX

Observations

Copper trading range for the day is 871.3-887.1.

Copper steady as market weighs Trump’s surprise exclusion of refined metal from tariffs

LME stocks more than doubled in July and are at a three-month high of 127,475 metric tons.

Copper inventories in warehouses monitored by the Shanghai Futures Exchange fell 1.2% from last Friday

ZINC

SELL ZINC AUG @ 263 SL 265 TGT 261-259. MCX

Observations

Zinc trading range for the day is 258.3-267.5.

Zinc dropped as demand concerns lingered as China's manufacturing activity contracted in July.

New export orders in China declined for a fourth consecutive month, while falling production led factories to cut jobs.

Zinc inventories in warehouses monitored by the Shanghai Futures Exchange rose 3.9% from last Friday.