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ALUMINIUM

SELL ALUMINIUM AUG @ 252 SL 254 TGT 250-248. MCX

Observations

Aluminium trading range for the day is 248-253.8.

Aluminium gains amid the outlook of lower supply and improved demand from China.

U.S. jobs data was weaker than expected, suggesting a sharp deterioration in labour market conditions.

China’s aluminium production in June 2025 (30 days) decreased by 3.23% MoM.

COPPER

BUY COPPER AUG @ 885 SL 881 TGT 890-894. MCX

Observations

Copper trading range for the day is 876.2-894.

Copper prices rose on supply fears after a fatal mining collapse in Chile.

China’s refined copper output set to hit record high in 2025.

Shanghai copper inventories declined 1.2% weekly, signaling localized tightening trend.

ZINC

SELL ZINC AUG @ 266 SL 268 TGT 264-262. MCX

Observations

Zinc trading range for the day is 260.8-267.8.

Zinc rose as zinc supply is tightening as Chinese smelters face pressure to cut production due to capacity outpacing demand.

Support also seen amid China's plans to stabilise growth in the machinery, autos and electrical equipment sectors.

However upside seen limited as demand concerns lingered as China's manufacturing activity contracted in July